Products and Documentation of Meezan Bank ltd
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Transcript of Products and Documentation of Meezan Bank ltd
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8/18/2019 Products and Documentation of Meezan Bank ltd
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Head Office of Meezan bank is located at,
3rd Floor PNSC Building,
Moulvi Taeezuddin !"an #oad !arac"i,
Sind", Pakistan$
Tel% &'()(*+ -*./(0-*.-1'$Fa2% &'()(*+ -*.31
$eezanbank$co
(401 Call Center ***)33*)33*
Visiting Branch
Branc" Manager
S"a"zad Manzoor Butt Cell 5 .3..133*'1'
O6eration Manager Cell 5 .3..-3..*'1
S7ed 8a9as Noor Cell 5 .3.4.'(3('3
Meezan Bank :iited C"ok S"a"eedan Branc" Multan
http://www.meezanbank.com/http://www.meezanbank.com/
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Meezan Bank is publically listed company, frst incorporated on January 27, 1997. It started operations as an Islamic investment
bank in u!ust o" t#e same year, $#ic# #as been licensed by t#e
%&tate Bank o" 'akistan( to operate as an Islamic commercial
bank on )1st January 2**2. &tate Bank o" 'akistan !ranted t#e
nation+s frst "ull-e!ed commercial bankin! license o" Islamic
Bankin! to Meezan bank ltd. It $as a ne$ era in bankin! sector
#istory in 'akistan t#at Meezan Bank ltd ad#eres strictly to t#e
principles o" Islamic aria# $it# absolutely no compromise, and
is reco!nized as 'akistan+s truly premier Islamic Bank. Meezan
Bank is openin! approimately more t#an 1// branc#es in 0*
dierent cities.
In addition t#e %&tate Bank o" 'akistan( itsel" !overns
t#e activities o" Meezan Bank and its are#olders. Meezan bank
ltd #as a stron! Balance s#eet $it# ecellent operatin!
proftability, includin! a capital adeuacy ratio t#at #as placed t#e
Bank at t#e top o" industry, a lon!term entity ratin! o" 3, and as#ortterm entity ratin! o" 13.
'lannin! and mana!in! t#e $ork e4ciency is t#e key "actor o" t#e
Meezan bank+s Mana!ers.
5#e vision o" Meezan Bank is
%6stablis# Islamic Bankin! as bankin! o" frst c#oice(
Introduction
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aria# Board
5#e mission o" Meezan Bank is
%5o be a premier Islamic Bank(
Meezan Bank #as a very #i!#caliber %aria# &upervisory
Board(, comprises o" internationally reno$ned Islamic sc#olars.
5#e %aria# &upervisory Board( re!ularly revie$s t#e bank+s
activities and approves all ne$ products. 5#e bank also #as a
resident aria# advisor. octor Mu#ammad Imran 8smani, $#o
monitors daytoday transactions o" t#e bank. 5#e aria# Board
comprises o" t#e "ollo$in! members Justice :;etd.< Mu#ammad 5ai 8smani :'akistan< c#airman.
r. bdul &attar bu =#udda# :&audi rabia
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Mudarabah
5#is is a kind o" partners#ip $#ere one partner !ives money
to anot#er "or investin! in a commercial enterprise. 5#e investment comes "rom t#e frst partner $#o is called
%;abulMal( :Investorn a!reein! to become an account #older, t#e customer
enters into a relations#ip based on Mudaraba# $it# Meezan
Bank. 8nder t#is relations#ip
• 5#e Bank is t#e Mana!er :Mudarib< o" t#e "unds
deposited by t#e customers.
• 5#e customer is an investor :;abulMal
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5#ese "unds "rom t#e pool are utilized to provide fnancin! to
customers under Islamic modes t#at include, but are not
restricted to Mudaraba# and IEara#.
Prots 5#e !ross income $ill be s#ared bet$een t#e bank :as Mudarib<
and depositors :;abulMal< in a predetermined ratio :F< o" t#e
actual proft ea
Meezan Bank @td oers dierent types o" accounts on Mudaraba#
Basis. 5#ese are as under
;upee Aurrent ccounts
Meezan Bank is placed to oer ;ibaree
current account, a -eible rupee based account t#at is ideal "or
individuals and businesses lookin! "or aria# compliant bankin!
and pro"essionalism bot# under one roo".
5#e Meezan bank current account, is a compre#ensive #alal
met#od o" acuirin! a secure and easily maintainable ;iba "ree
bank account.
Bundled $it# 20G7 and special bankin! services, t#e Meezan bank
current account is an innovative value added account $#ic#
provides customers bot# case o" utility and unmatc#ed services
uality.
Key eatures o the Riba-Free urrent Account
• Instant access o" "unds at any online branc#• ree ;ealtime online bankin! services across our branc#
net$ork nation$ide
• Hisa ebit card
• ree 20G7 internet bankin!
• o restriction on $it#dra$als or number o" transactions
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• o deduction on lo$ balance maintained
• Bank balance certifcates C duplicate statements o" account
• &M& alerts services
• &top payment C old Mail instructions
• 20G7 Aall center $it# complete p#onebankin! services• 'ersonal fnancial consultancy services
• &pecialized K to K bankin! at selected branc#es
Ru!ee sa"in# Accounts
uniue bank account t#at oers t#e opportunity to earn alal
profts, $#ile enEoyin! a ran!e o" added benefts. It can be
opened $it# a minimum amount o" only ;s. 1*,***. 5#e proft
on t#is account is calculated and paid on a mont#ly basis, andcomes $it# a variety o" "ree benefts, no restrictions on
transactions, priority bankin! and more.
Key eatures
part "rom frst class service and personalized attention t#at
our customers !et $#en t#ey bank us, $e oer t#e "ollo$in!
additional convenience
• 'roft $ill be calculated on daily product basis
• istribution o" profts mont#ly basis
• Instant access to "unds at any online branc#
• ree online bankin! services at all Meezan bank branc#es
nation$ide
• o restriction on $it#dra$als or number o" transactions
• Bank Balance certifcates and duplicate statement o"
account
• &top payment and #old mail instructions• Hisa debit card
• 20G7 call center $it# complete p#onebankin! services
• 'ersonal fnancial consultancy services
• &pecialized K to K bankin! at selected branc#es
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KMA $Karobari Munaa Accounts%
?arobari Muna"a is a #i!# proft savin! accounts specifcally
tailored "or lar!e corporate or =op controlled entities. It allo$s
customers to earn #i!#er returns on surplus cas# balances. It #asno preset transactions limits and comes $it# a variety o"
packa!ed benefts.
Key eatures
• 'roft $ill be calculated on daily product basis
• Minimum balance reuirement "or account openin! is ;s.
1 Million
• o restriction on $it#dra$als or number o" transactions
• ree "acilities, c#eue books and pay orders
• edicated accounts G relations#ip mana!er
• 5#e ?arobari Muna"a accounts $orks under t#e principles
o" Mudaraba# and is strictly in con"ormity $it# t#e rules o"
Islamic aria#. 'roft calculations and all bankin!
transactions are in strict ad#erence to t#e Islamic aria#,
monitored by our aria# advisor and t#e aria#
&upervisory Board.
MBA $Meezan Bachat Accounts%
Meezan Bac#at ccounts is a uniue savin! account t#at provides
#i!# mont#ly returns $it# t#e -eibility to $it#dra$ savin!s i"
needed. 5#us Meezan Bac#at ccount oers a #i!#er epected
rate o" return t#e conviences o" a savin! account.
Dit# a Meezan Bac#at account, customers are entitled "or a
#i!#er t#e proft $it# a #i!#er account balance. Austomersreceive proft even i" your balance "alls belo$ ;s. 2L,***G in any
mont#. 'roft is credited to customer account every mont# and is
calculated $it# re"erence to t#e minimum balance maintained in
t#e account durin! t#e precedin! mont#.
Key Features
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6nEoy a ran!e o" valuable "eatures includin!
• alal C i!# competitive returns
• 'roft payment on mont#ly basis open "or individuals only
•
Minimum balance "or account openin! is Eust ;s. 2L,***G• Maimum balance limit "or !ettin! #i!#est proft rate is ;s.
1*,**,***G
• Daiver o" application "ee "or car IEara# C 6asy ome "or
accounts $it# minimum balance o" ;s. L**,***
• ree realtime online Bankin! services at all Meezan Bank
branc#es nation$ide
• ree bank balance certifcates
• Hisa ebit Aard
• 20G7 call center $it# complete p#onebankin! services
• 20G7 internet Bankin! "ree and instant access to your
account:s< anytime C any$#ere
• 'ersonal fnancial consultancy services
• &pecialized K to K Bankin! at selected branc#es
&S 'ollar Sa"in# Account
Meezan bank is pleased to oer riba"ree dollar savin! account , a
"orei!n currency based investment opportunity t#at is set up on
t#e principal o" aria# and as a result is "ree "rom t#e element o"
interest.
Dit# a minimum o" only N1** you can open a dollar savin!
account $it# us a under a Mudaraba# arran!ement t#at is strictly
in con"ormity $it# t#e principles o" Islamic aria#. 5#e return
earned on t#e Mudaraba# pool is calculated every mont# and t#eproft ratio "or all investors is declared at t#e be!innin! maintain a
minimum avera!e mont#ly balance o" N L**, customer investor is
declared at t#e be!innin! o" t#e mont#. I" customer maintains a
minimum avera!e mont#ly balance o" N L**, customer s#all be
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eli!ible to receive proft t#at s#all be credited to customer+s
account every mont#.
Key Features
part "rom frst class services and personalized attention t#at
Meezan bank customers !et $#en t#ey bank us. Meezan Bank
oers t#e "ollo$in! additional conviences to t#eir customers
• Mot#ly proft payment
• o restriction on $it#dra$als or number o" transactions
• 20G7 call center $it# complete p#onebankin! services
• 5akin! stop payment instructions• Issuance o" duplicate statement o" account
• 'ersonal fnancial consultancy services
Meezan Business Plus - MBP
Meezan Business 'lus is a Mudaraba#based account t#at allo$s
customer to conduct your bankin! transactions $#ile availin! a
$ide ran!e o" "ree services and t#ere"ore provides you t#e ideal
blend o" convenience C -eibility t#at you deserve in Islamicbankin!.
Meezan business plus account can be opened by
• Individuals
• &ole proprietors#ips
• 'artners#ips
• @imited companies
Key Features
• Minimum investment is reuired to open an account is ;s.
1**,***G
• 5#ere is no deduction o" service c#ar!es i" t#e balance
maintained is lo$
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• 5#ere is no restriction on $it#dra$als or number o"
transactions
• Oou $ill #ave instant access to your account bot# t#rou!#
internet bankin! and t#rou!# online bankin! at all branc#es
o" Meezan bank across 'akistan
5#e "ollo$in! "acilities $ill be provided "ree o" c#ar!eP i" an
vera!e Mont#ly Balance o" ;s. 1**,***G is maintained in t#e
account
• ree c#eue books
• ree pay orders
• ree HI& ebit Aard
• ree account statements• ree online Bankin!
• ree internet Bankin!
• ree #old mail "acility
• ree &M& lert services
• ree intercity clearin!
Meezan (sla)ic (nstitution 'e!osit Account $M(('A%
5#e Meezan Islamic institution eposit account :MII< is auniue product, tailored eclusively "or Islamic inancial intuitions
:IIs
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5#e banks proft s#arin! ratio is L*F o" !ross income and
depositor+s proft s#arin! ratio is L*F o" =ross Income, calculated
a"ter deductin! costs and epenses directly incurred in drivin!
t#at Income. 5#e $ei!#ta!es are available on t#is $ebsite or can
also be obtained upon reuest. 5#e bank, at t#e time o" proftdeclaration, at its sole discretion may !ive additional proft to
depositors "rom its o$n proft s#are. In t#e case o" a loss, and as
per t#e rules o" Mudaraba#, t#e deposit pool s#all bear t#e loss on
a appropriate basis.
Key Features
5#e "eatures and mec#anics o" t#e product are detailed belo$
providin! a readymade solution ensurin! #i!# returns, easyaccessibility, total stability, and absolute aria# compliance.
c#eckin! account only available "or IIs
eposits invested under a Mudaraba# arran!ement
Minimum investment amount '?; 1,**,**,***G or multiples
t#ereo"
Maimum investment amount '?; 1 billion
Dit#dra$als o" "unds
20 #rs. notice "or '?; L*2**M deposit
Labbaik Sa"in# Aasaan-LSA
Meezan Bank is a completely alal C ;iba ree aEE C 8mra#
product.
?eepin! your convenience in mind, Meezan Bank 8mra# &c#eme
#as been launc#ed in collaboration $it# reno$ned 5ravel !ents.
Meezan bank is actin! as sales C "unds collectin! a!ents o" t#e
5ravel !ents.
Key Features
• ;eno$ned 5ravel !ents on Meezan bank panel
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• 'acka!es "or dierent durations C acilities are available
• Aomplete Hisa processin! by selected 5ravel a!ent
• Aonfrmed returned airline tickets on any airline
• Aomplete accommodation in otels in aram
• &pecial Meet C ssist services at airport• Installment plan available "rom Meezan Bank
*% Individual ccounts
+% Joint ccounts,%Minor ccount%&ole proprietors#ip ccounts.% Illiterate Austomer ccount/%'artners#ip ccount0%@imited @iability Aompanies ccounts1%ssociations, Aommittee, &ocieties or club ccounts2%on;esident ;upees ccounts*3% 5rust ccounts :$it# prior permission "rom >'<
**% 6ecutors, dministrators ccounts :$it# priorpermission "rom >'<*+% @ocal Bodies ccounts*,% &pecial convertible ;upees ccount :&A;<*% &ta ccounts
(ndi"idual Accounts
ccounts o" individual, $#o are resident or non
resident, are to be opened under t#is cate!ory.
4oint Accounts
5hese all current and sa"in# accounts can be o!ened in any
cate#ory o the ollo6in# ty!es o accounts
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Joint account is an account in t#e names o" t$o or
more persons :ot#er t#an partners o" trustees :ccounts
>penin! orm
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Bankin! c#ar!es and epenses incurred in connection $it# t#is
account
dditional care must be taken $#ile openin! o" sole proprietor
account. Beside ot#er documents t#e customer s#ould be ask toproduce t#e ori!inal 5 :ational 5a umber< certifcate issued
to #is name in t#e capacity as sole proprietor o" said frm.
(lliterate usto)er Account
5#ese types o" accounts ate opened only "or t#ose persons $#o
are illiterate. 5#is account is also kno$n as 7Photo Account89
t#at durin! openin! t#is account $e paste t#e current passport
size p#oto!rap#s $it# > :ccount >penin! ormperation.
Partnershi! Accounts
'artners#ip is an association o" t$o or more persons $#o #ave
a!reed to s#are profts o" a business carried on by all or by any
one o" t#em actin! "or all. 5#e terms and conditions must be
spelled out in t#e %'artners#ip eed( "ormally a!reed upon
amon! partners by incorporatin! t#e same in t#e eed.
It s#ould ensure t#at
• ccounts o" only ;e!istered 'artners#ip concerns $ill be
opened and t#e %partners#ip eed( $ill be obtained and
critically revie$ed.
• 5#e > must be si!ned by all partners in t#eir capacity as
individual and not as member o" t#e partners#ip.
• 5#e si!nin! and declaration o" po$er o" t#ose aut#orized to
operate t#e account s#ould be clearly stated on t#e >
documentation in accordance $it# t#e partners#ip eed. Li)ited Liabilities co)!any Accounts
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5#ere are t$o types o" limited companies i.e. 'ublic @imited and
'rivate @imited. 5#e public and 'rivate @imited companies are
bot# incorporated and !overned under t#e provisions o"
company+s ordinance 19K0.
limited liability company may be open an account $it# t#e Bank
only i" it is aut#orized to do so by a resolution o" t#e Board o"
irectors o" t#e company.
urt#ermore, suc# resolution must speci"y t#e titles G desi!nation
o" t#e o4cials aut#orized to open and operate t#e account, t#e
etent o" t#eir aut#ority and t#e manner in $#ic# t#e account $ill
be operated.
Association9 o))ittee9 Societies or lub Accounts etc
ssociation, Aommittee, &ocieties or Alub may open an account
$it# t#e bank only i" aut#orized to do so by t#e !overnin! Body o"
t#e said ssociation G committee G &ociety or Alub.
ccount o" t#e ssociation, Aommittee, &ocieties or Alub s#ould
not be allo$ed to be overdra$n. o c#eue dra$n on t#e
accounts o" t#e ssociation, Aommittee, &ocieties or Alub s#all be
collected "or t#e credit o" personal G private accounts o" any o" t#e
>4ceBearers o" ssociation, Aommittee, and &ocieties or Alub.
:on-Residential Ru!ees Accounts
ccounts o" individuals, irms or Aompanies $#o are resident in
countries outside o" 'akistan and all nationals o" 'akistan and
persons domiciled in 'akistan, $#o visit abroad "or t#e purpose o"
employment, study and business etc., are treated as on
residents as lon! as t#ey remain outside 'akistan. ccounts o" all
"orei!n nationals $#o are resident in 'akistan may be treated as
;esident ccounts.
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5rust Accounts
trust ccount may be opened eceptionally $it# t#e prior
approval o" ead o" >perations. 5rust ccounts may only be open
"or parties $#ose inte!rity and standin! is beyond any doubt.Be"ore sendin! t#e > :ead >4ce< BM :Branc# Mana!er< and
Mo :Mana!er >peration< $ill !o t#rou!# t#e %5rust eed( to
ensure t#at no undue onus is placed on t#e Bank.
;
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currency account maintained by t#e nonresident investor in
'akistan. 5#e balance available t#ere in can be used "or purc#ase
o" any s#are uoted on t#e &tock 6c#an!e. Branc#es $ill be
reuired to submit $eekly statement in t#e prescribed 'er"orma
:H92< o" 6 Manual s#o$in! t#e position in respect o" &A;accounts as on eac# &aturday.
Staf Accounts
&tas can open only one savin! or current account sin!ly or
Eointly $it# #is G #er spouse at t#e time o" appointment in t#e
respective branc# o" Meezan Bank @imited. 5#e account $ill be
opened "or t#e purpose o" salary disbursement :like salary, bonus,
increments, allo$ance or any "orm o" reimbursement "romMeezan Bank @imited a!ainst services rendered by employee.
*= (ndi"idual accounts>
• Aopy o" AIA
• ny proo" o" Income :salary slipG 5<
• ny 8tility Bill :"or ddress Herifcation<
+= Pro!rietorshi! Account
• Aopy o" AIA
• 'roo" o" proprietors#ip :5 Aertifcate<
• ). ccount >penin! ;euest C 'roprietors#ip letter on irms
@etter ead
• ny 8tility Bill :"or ddress Herifcation<
'ocu)entation o ?!enin# an Account
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,= Minor Account
• Aopy o" AIA o" =uardian
• Aopy o" Birt# Aertifcate
•
AIA copy o" =uardian
= Partnershi! Accounts
• ;e!istered 'artners#ip eed :Aertifed Aopy
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• 8ndertakin!s to immediate in"orm t#e bank in $ritin!
about any c#an!es in Mana!ement AommitteeG
ut#orized persons.
:?5; 5#ese all documents are reuired ori!inal, bank itsel"
!et t#e p#otocopy o" t#ese documents.
ouse$ivesG&tudentsG;etired 'ersonal ocuments as reuested
by branc#.
Musharakah
Mus#araka# is t#e type o" 'artners#ip in $#ic# bot# t#e partners
invest eually, and s#are t#eir proft C losses eually.
'(FF;R;:; B@ M&SARAKA C M&'ARABA
Musharakah
• In Mus#araka# bot# parties invest
• Bot# parties $ork
• In Mus#araka# t#e proft and losses s#ared eually.
Mudarabah
• In Mudaraba# one party invest :;abulMal< and ot#er party
$ork :Mudarib<
• 'roft is s#ared as per a!reed ratio
• In case o" Mudaraba# all losses are borne by ;abul Mal
A>&8M6; B?I= ';>8A5& >6;& BO M66Q B?
@5. > M8&;? B&I&
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?:S&M;R BA:K(:D PR?'&5S
Aonsumer Bankin! 'roducts are
1< Muraba#2< Aar IEara#)< 6asy ome0<
Meezan Bank Murabah
Muraba# is t#e type o" s#ort term fnancin! in $#ic# Bank is t#e
o$ner o" product and purc#ases t#at "or t#e customer. @ike ot#er
banks Meezan bank is not providin! t#e loan to t#e customer, buti" t#ey need any type o" product like Mac#inery etc "or #is use.
Bank #as no epertise, so banks make t#e a!ent to t#at person,
#e $ill buy #imsel" and t#en #and it over to t#e bank. 5#en bank
$ill !ive #im on cost plus proft. I" durin! buyin! any type o"
sudden accident occurs, t#e $#ole loss $ill be borne by t#e bank
because t#e bank is o$ner o" t#at material.
Meezan Bank ar (Earah
Aar IEara# is 'akistan+s frst %Interest ree( car fnancin! based on
Islamic fnancin! mode o" IEara# or Islamic leasin!. 5#is product is
ideal "or interest adverse individuals, lookin! "or a car fnancin!
t#at provides t#e convenience o" a $ell desi!ned product $#ile
avoidin! an interest based transaction.
Aar IEara# is simply a rental a!reement under $#ic# t#e car $ill
be !iven to t#e customer on rent "or a period, a!reed at t#e time
o" t#e contract. Meezan Bank purc#ases t#e car and rents it out to
t#e customer "or a period o" ), 0 or L years. 8pon completion o"
t#e lease period #e customer !ets o$ners#ip o" t#e car a!ainst
#is initial security deposit.
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Aar IEara# is uniue and is approved by Meezan Banks aria#
Board
Aar IEara#, desi!ned under t#e supervision o" Meezan Banks
aria# &upervisory Board, is uniue to car leasin! "acilitiesprovided by ot#er banks. ;i!#ts C liabilities o" >$ner vGs 8ser
n Islamic IEara# is an assetbased contract, i.e. t#e lesser s#ould
#ave o$ners#ip o" t#e asset durin! t#e period o" t#e contract.
8nder Islamic aria#, all o$ners#ip related ri!#ts and liabilities
s#ould lie $it# t#e o$ner $#ile all usa!erelated ri!#ts and
liabilities s#ould lie $it# t#e user. conventional lease contract
does not distin!uis# bet$een t#e natures o" t#ese liabilities and
places all liabilities on t#e user o" t#e asset, contradictory toIslamic aria#. 8nder IEara#, all o$ners#iprelated risks lie $it#
t#e Bank $#ile all usa!e related risks lie $it# t#e user, t#us
makin! t#e @esser t#e true o$ner o" t#e asset and makin! t#e
income !enerated t#rou!# t#e contract permissible :alal< "or t#e
Bank
Aar (Earah, 'akistan+s irst Islamic Aar inancin!
s a step to$ards Meezan Bank+s mission to provide a onestop
s#op "or innovative value added aria# compliant products,
Meezan Bank+s Aar IEara# unit provides a car fnancin!, based on
t#e principles o" IEara# and is "ree o" t#e element o" interest.
Aar IEara# is 'akistan+s frst Interest ree car fnancin! based on
t#e Islamic fnancin! mode o" IEara# :Islamic leasin!
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period o" ) to L years, a!reed at t#e time o" t#e contract. 8pon
completion o" t#e lease period t#e customer !ets o$ners#ip o"
t#e car a!ainst #is initial security deposit.
Meezan Bank ;asy o)e $house nancin#%
6asy ome is 'akistan+s frst totally aria#compliant ome
inance "acilityR >ne t#at is compre#ensive, aordable, and totally
#assle"ree. or at Meezan Bank, $e are committed to meetin!
our customers+ needs, in a truly aria#compliant manner
coupled $it# dedicated service ecellence.
hy is alal ho)e nance so i)!ortant to you
>$nin! your o$n #ome is one o" li"e+s most important
ac#ievements. It represents your security, stability, and is a !reat
blessin! in itsel". It provides t#at allimportant sa"ety and com"ort
"or you and your loved ones.
o$ever, in todaySs o"ten unpredictable and costly environment,
savin! t#e reuired money can take a li"etime in itsel". ;isin!property prices, taes, in-ation, currency devaluationT it+s all a
very #ard bar!ain. >n t#e ot#er #and, o$nin! your o$n #ome and
payin! an easy installment, $#ic# takes you step by step to$ards
complete o$ners#ip, is so muc# better t#an payin! rent $#ic#
ultimately only adds to your epenses.
dded to t#at is your desire to stay a$ay "rom interest based
fnancin! and be totally ;iba"ree, t#us ac#ievin! t#at complete
inner satis"action and peace o" mind. D#y not #ave t#e best o" bot# $orldsU IsnSt t#at $#at you are $orkin! so #ard "or any$ayU
(sla)ic Financin# on a 'i)inishin# Musharakah basis
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Dit# 6asy ome you participate $it# Meezan Bank in a Eoint
o$ners#ip o" your property, $#ere t#e Bank $ill provide a certain
amount o" fnancin! :usually up to K*F