Not many individuals and businesses are fully aware of the advantages of funding acquisition of their assets by using leasing as an option. Don’t let this happen to you. Try Pak Gulf leasing services, which are offered to finance your capital investment in Operating Assets, for achieving your business goals, in a tax-efficient manner.
PGL offers leasing finance on both a Shariah-Compliant (Ijarah) basis, as well as the Conventional Mode. Period of a Lease and the relative terms of repayment can be structured to match with your individual cash flows and affordability.
ABPL Auto Ijarah
- Shariah compliant.
- Quick processing.
- Most affordable rentals.
- No upfront Takaful (Islamic Insurance) charges.
- No upfront registration charges.
- No upfront rentals before delivery of the vehicle.
- Payable in tenure of 24 to 60 months.
- Minimum processing charges.
Eligibility Criteria – Salaried
Minimum continuous working experience of 2 years with a minimum of 6 months with the current employer.
Age between 22 to 62 years (62 years of age at the time of maturity of facility).
Self Employed Professionals / Businesspersons
Documentation Requirement
Salaried
- Two recent passport size photographs.
- Copy of valid CNIC.
- Copy of the latest paid Utility Bill.
- Signature verified from the bank.
- Form 29 in case of directors.
- Account Maintenance Certificate.
- Employment Certificate/ latest 3 months salary slips (preferably attested by the Human Resources Department).
- Latest six months’ bank statement where salary is being credited on a monthly basis.
Self Employed Professionals / Businesspersons
- Copy of valid CNIC.
- NTN Certificate.
- Last six months’ bank statement.
- Copies of any two latest paid Utility Bills (residence & business).
- NOC from partners (if applicable).
- Signature verified from the bank.
- CNICs of partners (if applicable).
- Form 29 in case of directors.
- Account Maintenance Certificate.
- Proof of three years in continuous business (Letter of Proprietorship/Partnership Deed/ last 3 years tax returns with receipts).
Shariah Advisor
It is our commitment to put our customers’ values foremost and providing them with the banking solutions that are in line with Shariah Principles.
Al Baraka products and services are approved by the bank’s Shariah Advisor Justice (R) Khalil-ur-Rahman Khan, who has served as Chairman on the Shariat Appellate Bench of the Supreme Court of Pakistan and has been the Rector of the International Islamic University, Islamabad. He is also currently serving as a member of the Shariah Board of the State Bank of Pakistan.
