Bank Alfalah Islamic Green Finance Solution – is a Consumer Finance facility for customers willing to install Solar Energy Solution to generate electricity for residential purposes on customer owned house. This financing solution aligns with the principles of Islamic financing (Diminishing Musharakah – Shirkat ul Milk), ensuring compliance with Shariah guidelines while promoting sustainable and eco-friendly energy sources.
Bank Alfalah Islamic Green Finance
Features and benefits:
- Customized solution range 3 KW – 100 KW
- Financing up to 80%
- Flexible tenure of 3 – 10 years
- Competitive pricing
- Co – applicant option available
- No hidden charges
- Minimal documentation and processing fee
Eligibility criteria:
- Pakistani Computerized National Identity Cardholder
- Age between 25-60 years for salaried and 25 to 70 years for non-salaried
- At least 1 year in employment for permanent and 3 years for contractual salaried individuals
- At least 3 years for self-employed businessperson/ self-employed professionals
- Must meet minimum income requirements
Documents Required:
- Application form
- CNIC/NICOP copy
- Latest 2 photographs
- Copy of self – owned property ownership documents
- Valid Quotation from Bank’s approved Solar Solution vendor
- Latest salary slips
- Last 6 months Personal Bank Statement (for salaried customer)
- Last 12 months business bank statement (for self-employed)
- Other income proof
*Any other as per requirement
Note: Terms and Conditions apply
– Diminishing Musharakah is based on Shirkat ul Milk.
