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ABPL Auto Ijarah

Al Baraka Islamic Auto Finance is one of the most distinctive Shariah compliant products offered by Al Baraka Bank (Pakistan) Limited. It allows you to get a vehicle of your choice with comfort and complete peace of mind. This product is ideal for individuals looking for car financing without compromising their beliefs and values. Al Baraka Islamic Auto Finance is designed to cater to all your needs regarding the purchase of a brand new, used or an imported vehicle for your personal use. Now you can steer yourself onto the right path effortlessly.

Product Features

  • Shariah compliant.
  • Quick processing.
  • Most affordable rentals.
  • No upfront Takaful (Islamic Insurance) charges.
  • No upfront registration charges.
  • No upfront rentals before delivery of the vehicle.
  • Payable in tenure of 24 to 60 months.
  • Minimum processing charges.

Eligibility Criteria – Salaried

  • Minimum continuous working experience of 2 years with a minimum of 6 months with the current employer.
  • Minimum net monthly income of Rs. 35,000/-
  • Age between 22 to 62 years (62 years of age at the time of maturity of facility).

Self Employed Professionals / Businesspersons

  • In business for a minimum continuous period of 3 years.
  • Minimum net monthly income of Rs. 50,000/-.
  • Nature of business to be as per Shariah guidelines.
  • Age between 24 to 65 years (65 years at the time of maturity of facility).


  • Two recent passport size photographs.
  • Copy of valid CNIC.
  • Employment Certificate/ latest 3 months salary slips (preferably attested by the Human Resources Department).
  • Latest six months bank statement where salary is being credited on a monthly basis.
  • Copy of the latest paid Utility Bill.
  • Signature verified from the bank.
  • Form 29 in case of directors.
  • Account Maintenance Certificate.

Self Employed Professionals / Businesspersons

  • Copy of valid CNIC.
  • NTN Certificate.
  • Proof of three years in continuous business (Letter of Proprietorship/Partnership Deed/ last 3 years tax returns with receipts).
  • Last six months’ bank statement.
  • Copies of any two latest paid Utility Bills (residence & business).
  • NOC from partners (if applicable).
  • Signature verified from the bank.
  • CNICs of partners (if applicable).
  • Form 29 in case of directors.
  • Account Maintenance Certificate.

Shariah Advisor

It is our commitment to put our customers’ values foremost and providing them with the banking solutions that are in line with Shariah Principles.

Al Baraka products and services are approved by the bank’s Shariah Advisor Justice (R) Khalil-ur-Rahman Khan, who has served as Chairman on the Shariat Appellate Bench of the Supreme Court of Pakistan and has been the Rector of the International Islamic University, Islamabad. He is also currently serving as a member of the Shariah Board of the State Bank of Pakistan.

Contact Us

For more information call us at 111-113-442

Call Us: +92(21)-111-113-442