Meezan Bank Islamic Solar Financing – Shariah compliant

Meezan Bank is Also Offering Shariah Compliant Solar Financing for his customers; 

Salient features of SBP Financing includes ;

State Bank has recently sought feedback of stakeholders on demand as well as scope and features of the Scheme. Based on this feedback, the expiry period of the Scheme has been extended to June 30, 2022. The scope and features of the Scheme have also been aligned with recommendations of the stakeholders. The Scheme is now available under three categories, as given below:

Category I: Prospective sponsors, desirous of setting up renewable energy power projects with a capacity ranging from more than 1 MW and up-to 50 MW for their own use, selling of electricity to the national grid (including distribution companies) or combination of both.

Category II: Prospective sponsors, desirous of installing renewable energy source based projects/ solutions for generation of electricity up-to 1 MW.

Category III: Vendors and suppliers certified under AEDB Certification Regulation 2018 for installation of wind and solar systems on lease basis or selling of electricity to ultimate owners/users.


. State Bank will allocate annual limits (financial year basis) to the banks/ DFIs under the Scheme against their applications submitted latest by 15th May each year. The application for sanction of limit shall accompany a duly filled-in requisition form (attached herewith as Annexure III) detailing pipeline of projects for which financing is expected to be disbursed during the year. For the financial year 2019-20, requests for sanction of limits may be submitted within 30 days from the date of issuance of this Circular.