Prime Minister Youth Business Programme
Prime Minister Youth Business Programme at Faysal Bank Limited-Barkat Islamic Banking
Faysal Bank Limited -Barkat Islamic Banking is the first Islamic window operations in Pakistan to offer the Prime Minister Youth Business Programme under Shariah compliant modes of finance.
Under this Programme, Faysal Bank Limited will offer Shariah compliant facilities such as Murabaha, Diminishing Musharakah & Ijarah to cater to the needs of individuals / SMEs / Consumers.
1. Islamic mode of financing through:
- Diminishing Musharakah
2. Basis for Rental / Profit rate
As per SBP regulations: 6.00% fixed for Customers. Government will pay the difference of the cost at KIBOR+500bps
3. Maximum financing limit
Upto Rs 2,000,000 (Two Million)
4. Diminishing Musharakah share – 90% (maximum):10%(minimum)
Upto 8 years
6. Target Customers
To download Prime Minister Youth Business Scheme application, Click here.