Islamic Export Refinance Scheme (IERS)Islamic Export Refinance Scheme (IERS)

Islamic Export Refinance Scheme (IERS)

In order to support exporters, State Bank of Pakistan introduced “Islamic Export Refinance Scheme (IERS). Through IERS, Bank Alfalah provides Islamic financing facilities on concessionary rates to exporters against eligible commodities to fulfill the working capital requirement of exporters. This scheme is in alignment with government’s policy to offer various incentives to boost the country’s exports.

Eligibility Criteria:

  • Corporate, Commercial and SME customers involved in export oriented businesses are eligible to avail the facility
  • Both Direct and Indirect Exporters are eligible for financing. 
  • IERS provides financing of eligible items under two parts:
    • Part I (available to the extent of 100% of the Export Orders/ Contracts/Letter of Credit (LC)
    • Part II (performance of past exports) for Direct / Indirect exporters.


Type of Financing Short term financing for exports of all manufacturing goods and services especially value-added products. 
Pricing/ Return Maximum End-User rate for all sectors: SBP Policy Rate minus 3%. 
Maximum Financing Limit Finance limit equivalent to 50% of his export performance during the preceding year (July-June Basis).
Tenure Short-term (Max. 180 days in case of direct export and 120 days in case of indirect export)

* The prevailing Profit Rates and Guidelines issued by SBP will be applicable that may vary from time to time, as and when revised by SBP

SBP Scheme Link

For more details, visit your nearest Bank Alfalah Islamic branch or call us at 021 111225111.