🕌 NBP Aitemaad — Shariah Compliant Auto Finance

NBP Hamsafar
Auto Finance Calculator 2026

Estimate your monthly installments instantly. Based on Diminishing Musharakah — 100% Halal. No interest, no penalty.

KIBOR+2%Profit Rate

2–5 YrsTenure

15–50%Customer Equity

10MMax Financing

100%Halal / Riba-Free

Aitemaad Hamsafar Auto Finance Calculator

Enter vehicle details below to calculate your estimated monthly installment · View on NBP ↗

Vehicle Price (in PKR)

PKR

Customer’s Equity (%) 15%

15%50%

Tenure in Years

Customer Type

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Enter vehicle price, equity %, and tenure to see your estimated monthly installment.

Expected Monthly Installment*

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* Tentative installment, inclusive of Takaful cost

Vehicle Price—

Customer’s Equity (%)—

Customer’s Equity (in PKR)—

Financing Required (%)—

Financing Required (in PKR)—

Profit Rate (approx.)—

Processing FeePKR 2,000

Total Payable—

Apply at NBP Islamic Branch ↗

📌 Note: This is a tentative calculation inclusive of Takaful cost. Actual rental is based on 6-Month KIBOR rate (revised every 6 months). Final installment may vary at the time of disbursement. Processing fee of PKR 2,000 is charged at time of application submission.

What is NBP Aitemaad Hamsafar Auto Finance?

NBP Aitemaad Hamsafar Auto Finance (AHAF) is National Bank of Pakistan’s Shariah-compliant car financing product offered through its Islamic Banking division. It operates under the mode of Diminishing Musharakah (DM) — a partnership-based Islamic financing structure — meaning there is no Riba (interest) involved at any stage.

Under this arrangement, you and NBP jointly purchase the vehicle. You then rent the bank’s share and gradually purchase it through monthly installments until you become the sole owner. Financing ranges from PKR 500,000 to PKR 10,000,000, with tenure options of 2 to 5 years.

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Diminishing Musharakah

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New & Imported Vehicles

🌿

Takaful (Not Insurance)

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Up to PKR 10 Million

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2 to 5 Year Tenure

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No Penalty on Late Payment

Eligibility Criteria

AHAF is currently available to salaried employees only. Self-employed individuals and businessmen are not eligible under the current scheme terms.

👔 Eligible Applicants — Salaried Individuals

NBP EmployeesPermanent and contractual staff of National Bank of Pakistan
Government / Armed ForcesPermanent and contractual employees of government institutions and armed forces
Private SectorSalaried individuals employed in well-reputed and established companies
Contractual EmployeesCan apply for a maximum tenure equal to their remaining period of service in the same organization
AgeMinimum 23 years — Maximum 55 years at the time of case login
Minimum Net Monthly IncomePKR 50,000 per month
NationalityResident Pakistani National with valid CNIC / SNIC only
Debt Burden Ratio (DBR)Maximum 50% of net monthly income
Credit HistoryClean eCIB and data check required; NOC needed for any settled loans still reflecting in eCIB

Note: Self-employed professionals and businessmen are currently not eligible for the AHAF facility. Only salaried individuals from the above categories can apply.

Financing Details & Profit Rates

Parameter	Detail
Financing Mode	Diminishing Musharakah (DM) — Shariah Compliant
Minimum Financing	PKR 500,000
Maximum Financing	PKR 10,000,000 (PKR 10 Million)
Customer Equity (Down Payment)	Minimum 15% — Maximum 50% of vehicle cost
Tenure Options	2, 3, 4 or 5 Years
Rate Type	Variable — revised every 6 months based on 6-Month KIBOR
Rate for Salaried	1-Year KIBOR + 1.99% p.a.
Rate for Self-Employed / Business	1-Year KIBOR + 2.20% p.a.
Takaful	Included in monthly installment (Shariah-compliant alternative to insurance)
Processing Fee	PKR 2,000 at time of application submission
Late Payment Penalty	No penalty — charity amount at 24% p.a. goes to charity fund, not bank income
Early Settlement	Allowed — additional 5% of outstanding Musharakah units charged

* Rates are indicative. Actual rate at time of disbursement depends on prevailing KIBOR. Installment is revised every 6 months per agreed formula.

Eligible Vehicles

🚗 New Vehicles (Unregistered)

Locally manufactured or assembled vehicles (unregistered)
All major brands: Toyota, Honda, Suzuki, KIA, Hyundai, etc.
Vehicle must be brand new — no previous registration
Most favorable rates and terms apply

✈️ New Imported Vehicles (Unregistered)

Unregistered imported vehicles eligible
Vehicle must not be more than 4 years old from date of import
Valid import documents required
Maximum vehicle cost: PKR 10 Million

Important: Used vehicles (registered/second-hand locally assembled) are not currently covered under the standard AHAF scheme. Only new locally assembled and unregistered imported vehicles (up to 4 years old from import date) are eligible.

Required Documents

Salaried — Government / NBP / Armed Forces

Copy of valid CNIC / SNIC
Latest salary slip
Service certificate / employment confirmation letter
Last 6 months bank statement (salary account)
Vehicle proforma invoice from authorized dealer
Duly filled AHAF application form

Salaried — Private Sector

Copy of valid CNIC / SNIC
Latest salary slip (1–3 months)
Employer confirmation / appointment letter
Last 6 months salary bank statement
Vehicle proforma invoice from authorized dealer
Duly filled AHAF application form

How Diminishing Musharakah Works

AHAF uses the Islamic financing concept of Diminishing Musharakah — a transparent, Shariah-certified partnership model. Here’s exactly how it works:

Joint Purchase

You and NBP jointly purchase the vehicle. You pay your equity (15–50%), bank pays the rest.

You Take Possession

You take the car and pay monthly rent to NBP for use of its share of the vehicle.

Gradual Purchase

Each month you also purchase a portion of the bank’s Musharakah units, reducing its ownership share.

Full Ownership

At end of tenure, you have purchased 100% of the bank’s units — you become the sole owner.

Key Shariah Protections

🌿 No Penalty on Late Payment

Unlike conventional banks, NBP does not charge penalty interest on late payments. If you miss an installment, you commit to paying a charity amount at 24% p.a. — this goes entirely into a charity fund and is never added to the bank’s income.

🛡️ Takaful Instead of Insurance

All vehicles under AHAF are covered through Takaful — the Shariah-compliant alternative to conventional insurance. Takaful is a cooperative risk-sharing arrangement, not a commercial insurance contract, making it fully Halal.

⚖️ Total Loss Protection

In case of theft or total loss, the partnership terminates on the day of the incident. The Takaful claim is distributed between the bank and customer proportionally to their outstanding Musharakah units — you are not left bearing full loss.

📋 Vehicle Registration

The vehicle is registered in the customer’s name with a Hypothecation (HPA) mark in favour of NBP Islamic Banking. This means you are the registered owner from day one — unlike many conventional lease products.

How to Apply

AHAF can be availed by visiting any NBP Islamic Banking branch. The product is currently available in Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, Peshawar, Gujranwala, and Sialkot.

Calculate

Use calculator above to estimate your monthly installment

Visit Branch

Visit nearest NBP Islamic Banking branch in your city

Submit Application

Fill & submit application form with all required documents. Pay PKR 2,000 processing fee.

Get Approved

Pay your equity contribution at approval, vehicle is purchased & delivered to you.

Available Cities: Karachi · Lahore · Islamabad · Rawalpindi · Faisalabad · Peshawar · Gujranwala · Sialkot. Contact your nearest NBP Islamic branch for availability updates.

Frequently Asked Questions

What is Diminishing Musharakah and how is it different from a regular car loan?

Diminishing Musharakah is an Islamic partnership model. You and NBP jointly buy the car. You pay rent for the bank’s share and gradually buy it out every month. There is no interest (Riba) at any stage — your monthly payment is a combination of rental and unit purchase. A conventional loan charges interest on outstanding principal, which is prohibited in Islam.

What is the minimum equity (down payment) required?

The minimum Customer Equity is 15% of the vehicle cost. Maximum is 50%. A higher equity means you borrow less, resulting in lower monthly installments.

Is the profit rate fixed or variable?

The profit rate under AHAF is variable — linked to 6-Month KIBOR. It is revised every 6 months as per the agreed formula in your Payment Agreement. This means your monthly installment can go up or down every 6 months based on market KIBOR.

Can self-employed or businessmen apply for AHAF?

Currently, AHAF is only available to salaried individuals — including NBP employees, government/armed forces employees, and private sector salaried staff. Self-employed professionals and businessmen are not eligible under the current scheme.

Is there a penalty if I miss a payment?

No — there is no penalty interest on late payments. However, you undertake to pay a charity amount at 24% p.a. on the overdue installment. This amount goes entirely to a charity fund managed by the bank and is not included in the bank’s income.

Can I pay off the financing early?

Yes, early settlement is allowed. However, an additional charge of 5% of the outstanding Musharakah units value will be applied at the time of early payment. Visit your nearest NBP Islamic branch to initiate the process.

Ready to Apply for NBP Hamsafar Auto Finance?

Calculate your installments above, then visit your nearest NBP Islamic Banking branch.

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NBP HamsafarAuto Finance Calculator 2026