SBP Refinance Schemes

Islamic Long Term Financing Facility (ILTFF)

This facility is offered under the guidance of the SBP and is available for export related business entities on subsidized rates. Eligible exporters can avail the facility in local currency for acquisition of imported or locally manufactured machinery used for promotion of export business. This facility uses Ijarah and Diminishing Musharakah.

Islamic Export Refinance Scheme (IERS)

This short term refinance facility is offered as per the Islamic Export Refinance Scheme of the SBP. It caters to all the requirements of the exporters, including Part I and Part II facility of SBP Scheme.

Islamic Finance Facility for Renewable Energy

This long term financing facility has been introduced by State Bank of Pakistan to support the energy sector Pakistan. The facility is provided to individuals and industrial entities to fulfill their needs of energy through new and alternate energy projects. IFRE is provided for power projects utilizing alternate and renewable sources of energy. The facility utilizes Diminishing Musharakah and Ijarah as modes of finance.

Islamic Financing Facility for Storage of Agricultural Produce (IFFSAP)

This long term financing facility has been introduced by the SBP for eligible SMEs and corporate entities. It may be used for financing establishment, expansion and balancing, modernization and replacement (BMR) of Steel/Metal/Concrete Silos, Warehouses & Cold Storage facilities for storing Agricultural Produce, purchase of new imported & locally manufactured plant & machinery, equipment and accessories thereof, to be used in Steel/Metal/Concrete/Silos, warehouses and cold storages and for purchase of new generators.

Islamic Refinancing Facility for Modernization of SMEs (IRFMS)

This long term financing facility has been introduced by the SBP for eligible SMEs. It may be used for financing purchase of new imported & locally manufactured plant & machinery for BMR of existing units and setting up of new SME units and also for purchase of new local/imported generators up to a maximum capacity of 500 KVA.

The facility utilizes Diminishing Musharakah and Ijarah as modes of finance.