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Farooque abid tung

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  • 1. Askari Islamic Agri Financing
  • 2. Two ProngedProduct Marketing & Branding Strategyfor Islamic Agri Products Financing1. Providing Halal Equivalents of existing Agricultural Products2. Promoting Facilities based on Islamic Modes
  • 3. Documentation Processing1. Transaction Documentation – changed completely to Shariah Compliant basis (based primarily on SBP Model agreements)2. Security Documentation – remains primarily unchanged
  • 4. Branding: Askari Agri ProductsExisting Products and Islamic Equivalents Existing Agri Products New Askari Islamic Agri Products1. Askari Kissan Evergreen Askari Kissan Halal Agriculture Agriculture Finance Finance2. Askari Kissan Farm Tractor Askari Kissan Halal Tractor Finance Finance3. Askari Kissan Farm Transport Askari Kissan Halal Transport Finance Finance4. Askari Kissan Farm Askari Kissan Halal Mechanisation Mechanisation Finance Finance5. Askari Kissan Livestock Finance Askari Kissan Halal Livestock Finance6. Askari Kissan Aabpashi Finance Askari Kissan Halal Aabpashi Finance
  • 5. Askari Islamic Askari Kissan Askari Kissan Askari Kissan Askari Kissan Askari KissanAgri Products – Halal Halal Tractor Halal Transport Halal Halal AbpashiKey Features Askari Agriculture Finance Finance Mechanization Finance Kissan Halal Finance Finance Livestock Fin.Underlying Murabahah Ijarah / Ijarah / Ijarah / Istisna’a MurabahahIslamic / Salam Diminishing Diminishing Diminishing / DiminishingMode Musharakah Musharakah Musharakah Musharakah / Diminishing MusharakahNATURE Short Term to Long Term Long Term Long Term Long Term Livestock/ PERIOD Medium Term Tractor Vehicle Machinery & Water Financing Working Financing Financing Equipment Arrangements Upto 1 year Capital Upto 5 years Upto 5 years Financing Upto Financing Upto 3 years 5 years Upto 5 yearsLIMIT Individual 3.0 Individual 3.0 Individual 3.0 Individual 3.0 Individual 3.0 Individual 3.0 M M M M M M Corporate 10.0 Corporate 10.0 Corporate 10.0 Corporate 10.0 Corporate 10.0 Corporate 10.0 M M M M M MPURPOSE Purchase of Tractor Motor Cycles/ Installation of Installation of Fattening of Seed, Finance Vans Agri based Tube Wells Livestock Fertilizer, /Pick-ups & Machinery and and Water Pesticides and Carriers Equipment Distribution other farming Systems Finance productsPERIOD 3 Years Funded 5 Funded 5 5 years 5 years 4 years years years Non-funded 2 years
  • 6. Main Halal Modes Brandingfor Askari’s Islamic Agri Products1. Askari Kissan Halal Murabahah Financing2. Askari Kissan Halal Salam Financing3. Askari Kissan Halal Ijarah Financing4. Askari Kissan Halal Istisna’a Financing5. Askari Kissan Halal Diminishing Musharakah
  • 7. MurabahahPurchase of inputs for crop production i.e.a) Seedsb) Fertilizerc) Insecticidesd) Herbicidese) Weedicidesf) Manual Sprayersg) Sericultureh) ApicultureFarm Mechanization Financing i.e.a) Purchase of agri implements, equipment i.e. Trailers & Threshersb) Power tillerc) Power & Boom sprayerd) Ploughe) Cultivatorsf) Rigers / drillsg) Rotavatorsh) Driggersi) Cotton Picker
  • 8. j) Saw machines for crate makingk) Press machines for wheat straw and dry fodderl) Chiesel ploughsm) Potato plantern) Sugarcane plantero) Rice trance planterp) Self propelled reaper for harvesting wheat and rice cropsLivestock 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 FinancingFish FarmingDairy Farming (Milk processing plants, other machineries etc.)
  • 9. Salam1. 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.
  • 10. IjarahFarm 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
  • 11. Transport Financing including• Purchase of tractors• Refrigeration vans• Farm cooling tanks• Motorcycels for milking• Small pickups• Mini trucks and chiller carriersAabpashi 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.)
  • 12. Diminishing MusharkahTransport Financing includinga) Purchase of tractorsb) Refrigeration vansc) Farm cooling tanksd) Motorcycles for milkmane) Small pickupsf) Mini trucks and chiller carriersLivestock Financing Includes:a) Purchase of cattle, buffaloes, sheep etc.b) Construction of sheds, storeroom etc.Land / forest development and enhancement.Poultry farmingFish farmingDairy Farming (Milk processing Plants, other machineries etc)
  • 13. Construction of godowns and cold storageDevelopment of Dairy & Livestock farmsConstruction and improvement of livestock laboratoriesSetting up seeds processing and milk chilling unitsInstallation of fruit and vegetable machinery
  • 14. Istisna’a / Diminishing MusharkahEstablishing of Green HousesConstruction of godowns and cold storageDevelopment of Dairy & Livestock farmsConstruction and improvement of livestock laboratoriesSetting up seeds processing and milk chilling unitsInstallation of fruit and vegetable machinery
  • 15. Jaza-kum-Allah-e-Khair

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