Alfalah Islamic Milkiat Finance Application Form

Branch Manager Date D D M M Y Y Y Y

I/We hereby apply for financing facility under Alfalah Islamic Milkiat Finance scheme. My/Our particulars are as under

1. Title of Business

2. Type of Organisation/Legal Entity (Please tick the appropriate box)

Sole Proprietorship Partnership Private Ltd. Co.

Other (please specify)

3. Type of Business

Industrial/Manufacturing Services Commercial/Trading

Other (please specify)

4. Sector

Engineering Food Processing Health Iron and Steel

Textile Education Leather Transport

Chemical Furniture and Handicrafts Travel Agent

Other (please specify)

5. Brief Description of the Business

6. Contact Detail

Business Address

Residential Address

Phone (off.) Res. Mobile

Fax E-mail

7. Purpose of Finance

Acquisition of Rented Commercial/Industrial Property (AIMF1) 1

Construction on Owned and Possessed Commercial/Industrial Premises/Plot (AIMF2) 2

Purchase a commercial/industrial plot for construction 3

purpose only and construction on that land/plot (AIMF3)

Renovation of Owned and Possessed Commercial/Industrial Property (AIMF4) 4

SWAP/BTF* (from conventional Bank to BAFL-IBG) (AIMF5-a)

BTF: Balance Transfer Facility 5-a /SWAP

SWAP/BTF* (From Islamic Bank to BAFL-IBG) (AIMF5-b)

BTF: Balance Transfer Facility 5-b /SWAP
8. Amount of Finance

9. Tenure of Financing Years

10. Level of Equity Participation %

11. Membership of any Business Association

12. Date of Establishment of Business

13. Number of Employees

14. Amount of Assets (excluding land and building) as per Latest Financial Statement

15. Amount of Sales as per Latest Financial Statement

16. Professional Experience in the Line of Business

17. Any Litigation in which the Customer is Involved

18. Details of Individual/Directors/Partners/Proprietors/Members/Senior Management

Relevant
CNIC No. Experience Designation Share
Date of
Name and Address Qualification and Function (%)
Birth (years)

D
19. Other Banking Relationship in the Name of Individual, Company, Proprietor, Partners and Directors

Amount of Monthly
Name and Address of Limit of
Name of the Customer Type of Facility Pricing Profit
the Banks Amount

Monthly Instalment
Amount of Monthly
of all Types of Financing Security Offered
Instalment

20. Property kept as security

Address of Property Approximate

Area of Land Constructed Area Ownership
Value

C
21. Top Four Customers (buyers)

Name Address Terms of Trade

22. Top Four Suppliers

Name Address Terms of Trade

23. Following Documents to be Enclosed

Personal documents:

a. Photocopy of the Computerised National Identity Card. The Relationship Manager shall obtain this copy, check with the original and document
the evidence of checking/verification on the copy of the CNIC.

b. One recent passport size photograph of the customers (i.e. individual, proprietor and all partners/directors).

c. Copy of any latest paid utility bill received at the residential address.

d. ‘Customer’s Basic Fact Sheet’ under the seal and signature of the customer as per approved format of the State Bank of Pakistan.

e. Undertaking that the customer is not

i. the director, major shareholder, holding 5% or more of the share capital of the Bank or

ii. its Chief Executive or

iii. an employee or

iv. any family member of above interested persons.

Business related documents:

a) Proprietorship declaration (if applicable).

b) Partnership deed (in case of partnership firms).

c) Copy of certificate of registration of partnership, if applicable.

d) Partnership Mandate.

e) Memorandum and Articles of Association (in case of limited companies).

f) Certificate of incorporation (in case of limited companies).

g) Copies of latest income tax returns and/or wealth statements, if available.

 h) Evidence of customer being on the Active Tax Payer list (if available- in case the client is not on active tax payer list then the credit
request/advise should specifically mention the same)

i) Copy of title documents and/or rent agreement of business premises where property is rented.

j) Copy of any latest paid utility bill received at business address.

k) Copy of current professional association/ trade body membership (if available).

l) In case of limited companies, latest audited financial statements.

m) In other cases, financial statements of last year at least and preferably for the last three years signed by the customer. The same should be in
compliance with prevalent and relevant PRs.

n) Board resolution authorising financing; in case of limited companies.

o) Latest form 29 certified by SECP (in case of limited companies).

p) Latest form A (in case of limited companies).

q) List of directors with specimen signature of directors (in case of limited companies).

Banking relationship documents:

a) Bank statements of the business account(s), if available.

b) Certificate from the existing banker indicating the constitution of firm, name of the proprietors/partners and the date since the account is
being maintained.

Property related documents:

a) Copy of complete set of title documents/other supporting documents of property to be placed with the Bank as security.

b) Copy of Rent deed/lease deed.

c) Latest PT-I of the property to be mortgaged.

d) For already constructed property, non-encumbrance certificate / search certificate / NOC / permission to mortgage (whichever is applicable) to
be obtained. In case of newly constructed property, any of these documents should be obtained after 90 days of the completion of
construction.

24. Any Other Information Relevant to this Application

I/We
• confirm that I/we have read and understood the information regarding Islamic ‘Alfalah Milkiat Finance’

• understand and undertake to pay the application fees/charges (non-refundable) and all other charges relating to external agencies for
service rendered

• clearly understand that I/we are liable to pay periodic rental by the due date, and failure to do so will lead to charity as per my undertaking.

• hereby give irrevocable undertaking to Bank Alfalah Limited-Islamic Banking Group to debit my/our account from time to time to pay off
charges relating to Takaful insurance, business and financial appraisal, excise duty, outstanding amount or any other charges applicable
• declare that all the information provided above is correct and complete to the best of my/our knowledge and belief. I/We also
authorise Bank Alfalah Limited-Islamic Banking Group or its duly appointed agent to contact anyone to obtain reference and to verify the
information provided by me/us in this application

• agree that the financing received will be used for activities which are deemed allowed by the Government of Pakistan and
Bank Alfalah Limited-Islamic Banking Group as per the environmental laws, rules and regulations

Applicant’s Name Designation Signature

1.

2.

3.

4.