Askari Islamic Agri Financing

Two Pronged Product Marketing & Branding Strategy for Islamic Agri Products Financing 1. Providing Halal Equivalents of existing Agricultural Products

2. Promoting Facilities based on Islamic Modes

Documentation Processing
1. Transaction Documentation changed completely to Shariah Compliant basis (based primarily on SBP Model agreements) 2. Security Documentation remains primarily unchanged

Branding: Askari Agri Products Existing Products and Islamic Equivalents

Existing Agri Products 1. 2. Askari Kissan Evergreen Agriculture Finance Askari Kissan Farm Tractor Finance New Askari Islamic Agri Products Askari Kissan Halal Agriculture Finance Askari Kissan Halal Tractor Finance

3.
4. 5. 6.

Askari Kissan Farm Transport Finance

Askari Kissan Farm Mechanisation Finance Askari Kissan Livestock Finance Askari Kissan Aabpashi Finance

Askari Kissan Halal Transport Finance

Askari Kissan Halal Mechanisation Finance Askari Kissan Halal Livestock Finance Askari Kissan Halal Aabpashi Finance

Askari Islamic Agri Products Key Features Underlying Islamic Mode

Askari Kissan Halal Agriculture Finance Murabahah / Salam / Diminishing Musharakah Short Term to Medium Term Working Capital Upto 3 years Individual 3.0 M Corporate 10.0 M Purchase of Seed, Fertilizer, Pesticides and other farming products

Askari Kissan Halal Tractor Finance Ijarah / Diminishing Musharakah

Askari Kissan Halal Transport Finance Ijarah / Diminishing Musharakah

Askari Kissan Halal Mechanization Finance Ijarah / Diminishing Musharakah

Askari Kissan Halal Abpashi Finance Istisnaa / Diminishing Musharakah

Askari Kissan Halal Livestock Fin. Murabahah

NATURE / PERIOD

Long Term Tractor Financing Upto 5 years Individual 3.0 M Corporate 10.0 M Tractor Finance

Long Term Vehicle Financing Upto 5 years Individual 3.0 M Corporate 10.0 M Motor Cycles/ Vans /Pick-ups & Carriers Finance Funded 5 years

Long Term Machinery & Equipment Financing Upto 5 years Individual 3.0 M Corporate 10.0 M Installation of Agri based Machinery and Equipment

Long Term Water Arrangements Financing Upto 5 years Individual 3.0 M Corporate 10.0 M Installation of Tube Wells and Water Distribution Systems

Livestock Financing Upto 1 year

LIMIT

Individual 3.0 M Corporate 10.0 M Fattening of Livestock

PURPOSE

PERIOD

3 Years

Funded 5 years Non-funded 2 years

5 years

5 years

4 years

Main Halal Modes Branding for Askaris Islamic Agri Products

1. Askari Kissan Halal Murabahah Financing

2. Askari Kissan Halal Salam Financing

3. Askari Kissan Halal Ijarah Financing 4. Askari Kissan Halal Istisnaa Financing 5. Askari Kissan Halal Diminishing Musharakah

Murabahah
Purchase of inputs for crop production i.e. a) Seeds b) Fertilizer c) Insecticides d) Herbicides e) Weedicides f) Manual Sprayers g) Sericulture h) Apiculture Farm Mechanization Financing i.e. a) Purchase of agri implements, equipment i.e. Trailers & Threshers b) Power tiller c) Power & Boom sprayer d) Plough e) Cultivators f) Rigers / drills g) Rotavators h) Driggers i) Cotton Picker

j) Saw machines for crate making k) Press machines for wheat straw and dry fodder l) Chiesel ploughs m) Potato planter n) Sugarcane planter o) Rice trance planter p) Self propelled reaper for harvesting wheat and rice crops
Livestock Financing Includes: a) Purchase of cattle, buffaloes, sheep etc. b) Construction of sheds, storeroom etc. Aabpashi Financing: Installation of Tube wells / Turbine, Sprinkle / drip system, water management, solar energy plants, pumps for irrigation system.

Poultry Financing
Fish Farming Dairy Farming (Milk processing plants, other machineries etc.)

Salam
1. Labor Charges, electricity charges and maintenance of farm machinery / implements.

2. Lining of water courses, Cost of land leveling.

3. Different working capital requirements and running expenses.

Ijarah
Farm Mechanization Financing i.e. Purchase of agri implements, equipment i.e. Trailers & Threshers Power tiller Power & Boom sprayer Plough Cultivators Rigers / drills Rotavators Driggers Cotton Picker Saw machines for crate making Press machines for wheat straw and dry fodder Chiesel ploughs Potato planter Sugarcane planter Rice trance planter Self propelled reaper for harvesting wheat and rice crops

Transport Financing including Purchase of tractors Refrigeration vans Farm cooling tanks Motorcycels for milking Small pickups Mini trucks and chiller carriers

Aabpashi Financing: Installation of Tube wells / Turbine, Sprinkle / drip system, water management, solar energy plants, pumps for irrigation system.

Dairy Farming (Milk processing plants, other machineries etc.)

Diminishing Musharkah
Transport Financing including a) b) c) d) e) f) Purchase of tractors Refrigeration vans Farm cooling tanks Motorcycles for milkman Small pickups Mini trucks and chiller carriers

Livestock Financing Includes: a) Purchase of cattle, buffaloes, sheep etc. b) Construction of sheds, storeroom etc.

Land / forest development and enhancement.

Poultry farming Fish farming Dairy Farming (Milk processing Plants, other machineries etc)

Istisnaa / Diminishing Musharkah

Establishing of Green Houses Construction of godowns and cold storage Development of Dairy & Livestock farms Construction and improvement of livestock laboratories Setting up seeds processing and milk chilling units

Installation of fruit and vegetable machinery

Jaza-kum-Allah-e-Khair