Meezan bank New car installment plan 2023 | Best bank for car loan Pakistan | Car Ijarah 2023
What is Meezan Car Ijarah?
Car Ijarah is Meezan Bank’s car financing product and is Pakistan’s first Interest-free car financing. It is predicated on the Islamic financing mode of Ijarah (leasing). This product is right for people who need to get interest-free financing for buying domestically manufactured /assembled autos.
Car Ijarah works by means of a car rental settlement, beneath which the Bank purchases the car and rents it out to the shopper for a interval of 1 to five years, agreed on the time of the contract. Upon completion of the Ijarah interval, the car will likely be bought at a token quantity or gifted to the shopper.
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