Ameen Drive
UBL Ameen - Islamic Banking
"If you are an individual and wants to avail Sharia compliant car financing on the suitable terms and conditions, UBL Ameen Drive is the right choice for you."

UBL Ameen Drive-Islamic

UBL Ameen Drive-Islamic auto financing facility lets you get the car of your excellent choice and provides you with best possible financing solutions under Islamic mode of diminishing musharakah to make your dream car a reality with the most lucrative features.

How UBL Ameen Drive is Shariah Compliant?

  • Auto financing facility is based on a Diminishing Musharakah contract.
  • Under Diminishing Musharakah, you participate in joint ownership of the vehicle with the Bank.
  • Rental Payment starts after delivery of vehicle
Features & Benefits
  • Choice of any type of car - New, Used (local) and Imported car.
  • Financing available on Floating rates
  • Minimum Customer Share: 15% for New Vehicle and 20% to 30% for used & Imported Vehicle
  • Maximum financing amount upto Rs 8 Million
  • Up to 85% Bank financing
  • Financing period is 1 - 7 years
  • Quick processing and minimal documentation
  • No processing fee until approval of financing.
  • Choice of reputable Islamic Takaful companies at competitive rates.
  • Maximum safety of your vehicle through Tracker Installation.


Floating Pricing (KIBOR Linked):

Customer Relationship Applicable Rate (p.a)
1-3 Years 4-5 Years 5-6 Years
Existing to Bank 1Y KIBOR 4.25% 1Y KIBOR 4.75% 1Y KIBOR 5.25%
New to Bank 1Y KIBOR 4.75% 1Y KIBOR 5.25% 1Y KIBOR 5.75%

*Re-priced annually, based on KIBOR One Year (Ask Side) Prevailing on last working day of the month prior to anniversary

Eligibility Criteria

Salaried Customers

  • Age Criteria: 21-60
  • Job Status: Permanent & Contractual
  • Salary Income:
    Rs. 35,000 per month for Permanent (Known & GOP)
    Rs. 40,000 per month for Contractual (Known & GOP)
    Rs. 40,000 per month for Permanent (Unknown)
    Rs. 45,000 per month for Contractual (Unknown)
  • Length of Employment: Min 03 months
  • DBR: Max 40%

Self - Employed Professionals

  • Age Criteria: 21-65
  • Income: Rs 50,000 per month
  • Length of Business: 1 year
  • DBR: Max 40%

Category Wise Documentation?

Salaried Customers

  • Two recent photographs
  • Copy of CNIC
  • Employment Proof
  • Experience Letter
  • Bank statement of last 1 year

Self - Employed Professionals

  • Two recent photographs
  • Copy of CNIC
  • Acceptable proof of business
  • Bank statement of last 1 year
  • Registered or unregistered Partnership Deed

Early Purchase of Musharakah Units Pricing:

This pricing mechanism will be offered with 1% higher pricing as compared to normal which will allow customers to early purchase of Musharakah units before maturity of the facility without any increase in sales price.

Processing Charges:

1 Processing Charges Rs, 8,500/- + FED
2 Old Vehicle Evaluation Charges Rs. 5,000/- or at Actual

How to Apply for UBL Ameen Drive?

Visit nearest UBL Ameen Islamic Branch / Islamic Window and fill out application form available in the branch and attach the required documentation and submit.

click here to Apply Now!