How To Get Bank Islami Business Loan | Bank Islami Loan For Business

If you’re looking to start or expand your business, the Bank Islami Business Loan could be your key to success. We’ll help you figure out how much you can borrow and how to get approved.

With a specific focus on Small and Medium Size Enterprises (SMEs), Bank Islami Business Loan offers different funding types that suit every industry and business type.

Enterprise TypeAnnual Sales TurnoverFinancing Limit
SMEsUp to Rs. 50 millionUp to Rs. 25 million
Medium Enterprises (ME)Above Rs. 150 million and up to Rs. 800 millionUp to Rs. 200 million, including leased asset exposure from single or multiple banks
Table: Financing Limit

In this article, we will explain eligibility, requirements, and a step-by-step guide to getting Bank Islami Business Loan in a hassle-free way within a few days. So, let’s get started!

Recommended Reading: Business Loan In Pakistan | Loan For Business In Pakistan Without Interest

How To Get Bank Islami Business Loan | Bank Islami Interest-Free Loan for Business


Table of Contents

Recommended Reading: Loan For Business In Pakistan Without Interest (25K-5Lakh) | Ihsaas Trust

What Are The Requirements For Bank Islami Business Loan?


Eligibility Criteria

For New Starting Business:
IdentificationValid CNIC
Age21 to 60 years old
Minimum Monthly IncomeRs. 15,000
EmploymentAt least 6 months of employment
Credit HistoryGood credit history
Application ProcessFill out the form on the Bank Islami website
Additional Requirements:
Credit ScoreGood credit score
CollateralSome collateral required
Business PlanSolid business plan
Business PotentialDemonstrated potential of the business
Loan Repayment CapabilityAbility to repay the loan
CitizenshipPakistani citizenship or residency
AgeAt least 18 years old
Table: What-Are-The-Requirements-For-Bank-Islami-Business-Loan

Recommended Reading: How To Get SME Loan In Pakistan (Government+Private Sector)

Bank Islami Business Loan Requirements

CriteriaSmall and Medium Size Enterprises (SMEs)Medium Enterprises (ME)
Number of EmployeesUp to 50*Up to 51-250 for manufacturing and service ME <br> 51-100 for trading ME
Annual Sales TurnoverUp to Rs.50 MillionAbove Rs.150 Million and up to 800 Million for all types of ME
Financing AllowedUp to Rs.25 MillionUp to Rs.200 Million including leased assets exposure from single or all banks
Table: Bank-Islami-Business-Loan-Requirements

Bonus Tip: If any entity meets one criterion of ME and its second parameter falls above the upper limit prescribed by ME that entity would be classified as a corporate or commercial entity as the case may be.

Recommended Reading: 5 Easy Ways To Get Startup Business Loans In Pakistan | Startup Loan In Pakistan

How To Apply For Bank Islami Business Loan | Bank Isami Loan For Business Online Apply


Follow this exact scheme of steps to increase your chances of approval of a Bank Islami Business loan in Pakistan:

Steps to Apply for a Business Loan at Bank IslamiDescription
1. Visit a Nearby Bank Islami BranchGo to the nearest Bank Islami app or branch where professionals can assist you with the loan application.
2. Acquire the Business Loan Application FormObtain the application form designed for business loans, which serves as the initial step.
3. Complete the Application FormFill out the application form with accurate personal and business details, including financial information.
4. Attach Relevant Supporting DocumentsCompile necessary documents such as business plans, financial statements, and ownership records.
5. Submit the Completed Application FormHand in the application form and supporting documents to initiate the review process.
6. Follow Up on Your ApplicationStay in touch with bank representatives to monitor the progress of your application and provide any additional information if required.
Table: How-To-Apply-For-Bank-Islami-Business-Loan

Recommended Reading: 3 Ways To Get An Interest-free Loan To Start A New Business In Pakistan

Basic Guidelines For Bank Islami Business Loan


Age Limit:Must be at least 21 years old, no maximum age limit. A valid ID and Social Security number are required. Business plans, financial statements, collateral, and good credit are also necessary.
Security Deposit:A security deposit is required, which could be cash, property, or other assets, depending on the loan size and type.
Safety of Islamic Loan:Taking a bank loan is safe if you research and work with a reputable lender. Consider individual circumstances and seek advice if needed.
Additional Purchases with Cash Credit:Additional purchases are possible within the cash credit limit as long as credit is available. Credit limits can be increased based on funds availability.
Next Steps:Visit the local Bank Islami branch to inquire about loan requirements, fill out paperwork, and await approval. Preparation and perfecting business plan advised.
Table: Guidelines-For-Bank-Islami-Business-Loan

Recommended Reading: Small Business Loan In Pakistan | Business Loan In Pakistan

FAQs | Bank Islami Business Loan

Bank Islami Contact Number and address?

Address: 11th Floor, Executive Tower, Dolmen City, Marine Drive, Block-4, Clifton, Karachi.
Tel: 021-111 475 264

Bank Islami Credit Facility Application Form?

The credit Facility Application Form can be obtained from the listed branches of BIPL.

Types of Security against financing by Bank Islami?

Current Assets, Goods, Mortgage, Guarantees of

Proprietor/Partners/Directors/Mortgagor, and Counter Guarantee.

Recommended Reading: Loan For Business In Pakistan Without Interest (25K-5Lakh) | Ihsaas Trust

If you like this article, please comment and share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at | or leave us a comment, we would love to answer all of your queries. Thanks for reading!

Add a Comment

Your email address will not be published. Required fields are marked *