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Al Baraka Carsaaz(Auto Finance)

Al Baraka Carsaaz(Auto Finance) is one of the most distinct Shari’ah compliant products offered by Al Baraka Bank (Pakistan) Limited for personal use. 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 values and beliefs. Al Baraka Carsaaz 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

  • Shari’ah compliant.
  • Transaction Mode is Diminishing Musharakah.
  • Quick processing.
  • Most affordable Installments.
  • No upfront Installments before delivery of the vehicle.
  • No funding profit charged during the Advance Booking period.
  • Payable in tenure of 12 to 84 months.
  • Minimum processing charges.

Eligibility Criteria – Salaried

  • Minimum working experience of 2 years in continuity with at least 6 months with the current employer.
  • Minimum net monthly income of Rs. 30,000/-
  • Age between 22 to 62 years (62 years of age at the time of maturity of facility).

Self Employed Professionals / Businessmen

  • In business / practice for a minimum period of 3 years in continuity.
  • Minimum net monthly income of Rs.50,000/-.
  • Nature of business to be in conformity / ambit of the the Shari’ah 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 reflecting the monthly credit of salary.
  • 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.

Contact Us

For more information call us at 111-113-442 or in order to apply through e mail please send your contact details at Carsaazsgm@albaraka.com.pk