Meezan Bank provides Shariah compliant banking services like financing, trade and deposit related services to small & medium sized enterprises.We combine the expertise of in-house product specialists and Shariah scholars to provide Sharia compliant financing solutions to meet the working capital finance, import finance, export re-finance long-term finance, documentary credit requirements and project financing needs of our customers.
|Eligibility||All SMEs (new business as well as operative businesses) not having existing relationship with Meezan Bank will be eligible. Facility can be availed from one Bank only.|
|Types of Financing||Term finance as well as working capital lines.|
|Financing Limit||Up to Rs.10 mln|
|Tenor||As per terms and conditions of the facility approved.|
|Security||Personal guarantees of the borrowers.|
|*Other terms and conditions are applicable as per Bank’s and SBP’s policies from time to time.|
Annual Sales Turnover : Upto Rs.150 Mn
Number of employees : Upto 50
Max Financing allowed : Upto Rs.25 Mn
Annual Sales Turnover : Rs.150 Mn Upto Rs.800 Mn
Number of employees : 51 to 250 (Manufacturing & Service Concerns) - 51 to 100 (Trading Concerns)
Max Financing allowed : Upto Rs.200 Mn
Complete product menu to cater to your banking needs
Flexible pricing (floating or fixed with revision monthly/semiannually/annually.
Long Term : Monthly/Quarterly/Semiannually
Short Term : Mutually decided between customer & bank.
Charity @ 20% per annum on each delay by one day.
Meezan Bank offers complete solution to its customers for all their working capital needs for procurement of raw materials, purchase of assets for trading and to finance overhead expenses. To meet the said working capital requirement Meezan Bank has complete range of products.
Long term financing needs may be in the form of acquisition of assets like property, machinery, equipments or vehicles etc. Following are the two major products used to cater such needs.
Meezan Bank Limited and Karandaaz Pakistan have jointly launched the Corporate Vendor and Distributor Finance Program aimed at providing growth capital for small businesses in existing value chains in the country. Through this program, the two organisations will provide Rs. 9 billion to small and mid-sized corporate vendors and distributors on a program based model over the next 5 years.
A private company established in August 2014 by the United Kingdom’s Department for International Development (DFID) and the Bill and Melinda Gates Foundation to promote access to finance for small businesses through a commercially directed investment platform, and financial inclusion for individuals by employing technology enabled solution.
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