Islamic Refinance & Credit Guarantee Scheme for Women Entrepreneurs (IRCGS-WE)
Bank Alfalah Islamic proudly offers the Islamic Refinance & Credit Guarantee Scheme for Women Entrepreneurs (IRCGS-WE), a State Bank of Pakistan initiative aimed at supporting women entrepreneurs in establishing new businesses or expanding existing ones. This scheme provides Shariah-compliant financing at discounted rates, promoting economic empowerment of women across the country.
Eligibility Criteria:
- Available to women entrepreneurs across Pakistan.
- Financing for new business setups or expansion of existing businesses.
- Only women-owned small/medium businesses are eligible.
- Financing approvals are based on requirements, cash flow, repayment capacity, and risk profile.
- Financing provided preferably under the personal guarantee of the entrepreneur.
Features:
| Feature | Details |
| Islamic Modes Offered | Diminishing Musharakah, Musawamah, Istisna & Tijarah |
| Maximum Financing Limit | Rs. 5 million |
| Tenor | Up to 5 years with grace period up to 6 months |
| Type of Product | SME financing |
| Pricing / Return | Up to 5% per annum for end-user |
| Target Customers | Women-owned SMEs |
* SBP vide Letter No IH&SMEFD/SMEFD/WE/2021-3168 dated March 17, 2021.
Why Choose IRCGS-WE with Bank Alfalah Islamic?
- Promote women-led entrepreneurship through Shariah-compliant financing.
- Affordable, discounted profit rates to ease business growth.
- Flexible long-term tenor with grace period for smooth cash flow.
- Tailored solutions with expert support for women entrepreneurs.
For more details, visit your nearest Bank Alfalah Islamic branch or call 021 111225111.