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Al Baraka Bank & Al-Ghazi Tractors join hands to promote Agri Financing

Agricultural sector of Pakistan has made significant contribution to the GDP. State Bank of Pakistan has always taken keen interest in providing credit facilities for agriculture sector to support existing farmers to expand their farming capacity and encourage people to invest more in the agriculture sector.

In order to promote the SBP initiative for SME sector and for Agri Financing, a Memorandum of Understanding (MoU) was signed between Al Baraka Bank (Pakistan) Limited & Al-Ghazi Tractors Limited, for the facilitation of ‘Tractor Financing’ at Al Baraka House, Karachi.

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This MoU will allow the farmers and agriculturists to avail Shariah compliant financing options for rural financing including financing of tractors and other credit facilities, with quicker processing and flexible payment options.

Al-Ghazi Tractors Limited has a strong background with more than 20 years of experience in tractor manufacturing and spare parts.

Al Baraka Bank (Pakistan) Limited (ABPL) is a part of Al Baraka Banking Group, Bahrain, which represents one of the oldest and most experienced Islamic Financial Institutions in the world, today.

Al Baraka Pakistan is a strong player in the Islamic Finance Industry, with a network of 150 branches spread over 94 cities & Towns across Pakistan. Al Baraka strongly believes in excelling in customer service & developing Islamic alternatives to conventional banking facilities with strict adherence to Shariah rulings and ethical practices.

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