Through the Sharia-based auto finance products, Meezan Bank is planning to promote the KIA Lucky Motor cars.
A Memorandum of Understanding has been signed with KIA Lucky Motors Pakistan Ltd. KIA Lucky Motors Pakistan Ltd is a collaboration between the Pakistan’s Yunus Brothers Group and South Korea’s KIA Motors Corporation to manufacture and assembler vehicles in Pakistan.
In this regard, it has signed a– a collaboration between, and the, Pakistan, formed to start vehicle assembly/manufacturing operations in Pakistan.
Meezan Bank will provide priority KIA vehicles delivery to its customers all over Pakistan.
Deputy CEO of Meezan Bank Ariful Islam said, “Meezan Bank Car Ijarah has been developed to comply with the principles of Shariah for providing convenient car financing. The bank follows a strategy of maintaining stringent credit criteria and fast deliveries to maintain optimal customer service in line with the service values of the Bank.”
President, and CEO of Meezan Bank Irfan Siddiqui said, “Our agreement with KIA Lucky Motors Pakistan will make the luxury car, Grand Carnival more affordable to a large population of brand lovers. The bank, in turn, will get the opportunity to couple this provision with a range of additional services and benefits including faster vehicles delivery as well as free initial services for its customers.”