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Faysal Takmeel

Enhance Your Living Spaces with Faysal Takmeel

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Category

Faysal Takmeel offers a fantastic opportunity for those seeking to enhance their lifestyle with high-quality consumer goods while staying within Shariah-compliant financial principles.

With Musawamah financing, you can enjoy a range of products like home appliances, décor, electronics, and more, all through manageable, fixed monthly payments. This approach not only helps you acquire the items you need or desire but also allows for financial planning that aligns with your values.

It’s a great way to upgrade your living standards with ease and confidence. If you have any specific questions about the products or financing details, feel free to ask!

Features

  • Financing Amount Min PKR 50,000 & Max PKR 2,000,000
  • Financing Tenure:12 months to 36 months
  • Product Pricing:The total selling price of assets will be charged. Once the price is set, the selling price will not change during the agreed tenor.
  • Early Settlement/Termination Charges:No early settlement/termination profit will be charged, however the customer will have to pay the complete outstanding amount (Principal + Profit) to settle/close the facility.

Fee and Charges

  • Processing Fee PKR 5,000 + FED
  • Charity Amount PKR 500, incase delay in Installment

Eligible Customer

Age: Min 18 years and Max 70 years*

*70 years at the time of maturity of financing

Income Requirements

  • Salaried Individual: Min PKR 50,000
  • Self Employed Individual: Min PKR 100,000

How to avail this facility

You can apply by submitting below attach form and also you can apply via below mentioned channels:

  • By visiting any Faysal Bank Branch
  • Call Customer Care at 021 111 06 06 06
  • SMS <IPF> space <City Name> space <CNIC> at 9181

Frequently Asked Questions (FAQ's)

Banking Musawamah is a contract wherein Islamic Bank, upon request by the customer, purchases an asset from a third party (supplier/vendor) and sells the same to the customer usually against a deferred payment.

As Banking Musawamah is a kind of sale, there must be a seller and a buyer, and something needs to be bought and sold. In such transactions the Bank is the seller, the customer is buyer and a commodity/goods are exchanged between them.

As per the rule of Shariah, the seller cannot sell the goods unless they come into his ownership. Bank is, therefore, required to purchase the required commodity from the market. Once the Bank purchases the goods, the risk of the goods transfers to the Bank. Bank can now sell these goods to the customer.

You can apply by submitting below attach form and also you can apply via below mentioned channels:

  • By visiting any Faysal Bank Branch
  • Call Customer Care at 021 111 06 06 06
  • SMS <MLF> space <City Name> space <CNIC> at 9181

You can avail a financing limit amount from minimum PKR 50,000 up to PKR 2,000,000 (subject to your income and Repayment Burden Ratio (RBR).

Profit rates are fixed for the entire financing tenure; installment amount will remain the same during the entire facility tenure. And depends whether you are a salaried person, self-employed professional or business person.

Yes, facility can be paid off in a single payment. However, you will have to repay the complete outstanding amount (Principal + Profit) to close the facility.

No, there are no early payment charges on early pay-off. However, you will have to repay the complete outstanding amount (Principal + Profit) to close the facility.

Yes, processing fee of PKR 5,000 + FED is applicable.

Minimum 12 months (1 year) to Maximum 36 months (3 years)

Following options are available for the repayment of the facility:

  • You can deposit amount into the designated repayment account through any Banking App or ATM
  • Make over-the-counter payment by walking in a Faysal Bank Branch
  • Dropping a cheque in Drop Box at a Faysal Bank Branch

To settle the outstanding facility amount before maturity, it is essential to deposit funds into your designated repayment account. Simultaneously, please submit a facility closure request by handing it over to our Service Officer in designated branches or by calling Customer Care at 021 111 06 06 06.

Not submitting the facility closure request will lead to the remaining amount in the account not being utilized or settle the facility.

Yes, you can apply for more than one product under the same application (only allowed for same products for example more than one iPhone, more than one Honda bike etc.).

Yes, you can opt for one of the following options:

  • Delivery at the doorstep of your correspondence address mentioned in the application
  • Self-pickup from the FBL approved partners.

The product will be delivered within 7-10 working days after facility approval.

Note: Delivery/Pick up time may vary in pre-booking and made to order products.

You will receive the Repayment Schedule, which includes all the relevant details related to your facility, in a Welcome Pack after the financing is completed. You can also contact Customer Care at 021 111 06 06 06 to get more details.

There are two options for the monthly installment payments which you can select in the application form.

  • 2nd of every month
  • 15th of every month

You can lodge your complaint by:

  • Visiting branch and submit a written complaint
  • Use the complaint box placed in the Faysal branches
  • Call Customer Care at 021 111 06 06 06

Send an email at [email protected]

Important Links

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