SME Banking

It is a working capital solution by purchasing finished goods of customer. Tijarah is especially for those customers who sell their inventory on credit and require funds for operations during the credit period. In Tijarah, the Bank purchases the finished goods from the customer and after taking the delivery, sells the goods in the market through its agent which may be a customer itself.

It is a short term facility in which the Bank orders the manufacturer/ to manufacturer goods as per the specification of local/ export order. The goods are then delivered to the Bank. After taking the delivery, these goods are locally sold/ exported by the customer acting as Bank’s agent.

It is Shariah-compliant alternative to bill discounting where instead of providing loan against the export order, Meezan Bank keeps the export bill as security and extends a fresh Murabaha financing facility to the customer or purchases FCY against Pak rupees from the customer on Salam basis at spot rates to cater to the financing requirements of the customer.

It is similar to Murabaha, however, in this Bank does not disclose the cost and profit to customer. Musawamah can also be allowed under Islamic Export Refinance Part I & II.

Ijarah technically means to give something on rent. The Bank uses this product for medium and long term financing purposes where the Bank acquires the asset required by the customer and then leases it to the customer for a fixed period. This product is used for the financing of assets such as plant, machinery, generators, equipment etc.

To facilitate customer for import of raw material and assets in customer’s own name.

A Bank guarantee to indemnify a third party against default of payment, overdue or non-performance of contract by Bank’s customer. Guarantees may include advance payment guarantee, performance bonds or bid bonds.