Solar Panel Investment Scheme (SPIS)

To extend the investment facilities to the people of different tiers of the society (rural/sub-urban/urban/city) intending to install solar panel for generating electricity for their own use.To reduce dependency of the country's people on the delectable energy (gas, coal, oil, nuclear).

Target Group

Bangladeshi National of any income/social group aged not below 21-years intending installation of solar home system at their residence/commercial structure and having ability to pay the Bank's installment.

Nature of Goods / Items

Solar Panel System.

Mode of Investment


Maximum 3-years depending on the amount of investment and power generation capacity of the solar panel.

Rate of Return

9.00% or the rate to be determined by the Bank from time to time.

Amount of Investment

No specific ceiling of investment is prescribed. On the basis of power generation capacity of the solar panel, i. e. total costing, applicant's need and requirements, source of income, repayment capacity and value of collateral security(ies) etc. investment amount will be fixed up to not exceeding 70% of installation cost.

Bank's Participation

Equity ration will be fixed on the basis of Banker-Customer relationship. However, Bank's equity will not exceeding 70% of total installation cost of solar home system.

Minimum 21-years & Maximum 65-years at the time of application. However, this upper limit of age may be relaxed for the applicant of social repute if he is physically sound, has sustainable income sources and able successor(s). The proposal in such cases, is to be approved by the next higher authority.

Concerned Solar Panel / Equipments + PG + PG of Spouse/Parents/Brother/Sister.

Application Form shall have to be collected from nearest Branch of Islami Bank Bangladesh Limited.

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