Overview
Bank Alfalah Islamic Green Finance is a Shariah-compliant consumer finance solution designed to help you install a solar energy system in your self-owned residence. Structured under Diminishing Musharakah (Shirkat ul Milk), this facility ensures compliance with Islamic principles while promoting eco-friendly, renewable energy for a sustainable future.
What you get
- Competitive pricing and takaful rates.
- Minimal documentation and quick processing.
- Customized solution range: 3 KW – 100 KW.
- Financing up to 80%.
- Flexible tenure of 3 – 10 years.
- Co-applicant option available.
- No hidden charges.
Features & Offerings
Pricing
Competitive pricing and takaful rates.
Quick Processing
Minimal documentation and quick processing.
Tailored Solutions
Customized solution range: 3 KW – 100 KW.
High Financing Limit
Financing up to 80%.
Flexible Tenure
Flexible tenure of 3 – 10 years.
Co-Applicant Facility
Co–applicant option available.
Transparent Pricing
No hidden charges.
Eligibility
- Pakistani CNIC/NICOP holder
Age:
- 25–60 years (Salaried)
- 25–70 years (Non-salaried)
Minimum monthly income:
- PKR 50,000 (Salaried)
- PKR 100,000 (Non-salaried)
Employment tenure:
- 1 year for permanent and 3 years for contractual (Salaried)
- 3 years for self-employed professionals or businesspersons
Required Documents
- Duly filled Application Form
- Copy of CNIC/NICOP
- Two recent photographs
- Proof of property ownership (self-owned house)
- NOC from owner (if house belongs to parents/spouse/children/siblings)
- Any additional documents as required
For salaried:
- Latest salary slips + last 6 months bank statement
For self-employed:
- Last 12 months bank statement + Income proof
Apply Now
Get started with your financing in just a few simple steps. Click below to begin
Or visit your nearest Bank Alfalah Islamic branch to apply.
Yes, you can terminate your facility before your initially agreed tenure. Early termination charges will be applied as per Schedule of charges.
Please visit Bank Alfalah Schedule of charges for details of all prevailing charges/fees.
Your parents, spouse, siblings or children can become your co-applicant.
No, Alfalah Green Finance can only be availed for an owned house or if the property ownership is of any of the blood relative (Parents/Spouse/Children/Siblings).
Yes, you can select vendor of your choice from Bank Alfalah Approved list of Solar vendors.