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Meezan Bank and Indus Motor Company Limited (IMC) sign Memorandum of Understanding for Priority Delivery of all Toyota vehicles

July 31st, 2019

Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in the country has recently signed a Memorandum of Understanding with Indus Motor Company Ltd (IMC) – one of the largest automotive manufacturers and distributors in Pakistan, to provide priority delivery of all Toyota variants to Meezan Bank’s customers. The signing ceremony took place in Karachi and was attended by Mr. Arshad Majeed – Group Head Consumer Finance, Meezan Bank and Mr. Abdul Rab – Senior General Manager, Indus Motor Company Limited along with their respective team members.

Under this agreement, Meezan Bank will provide additional value-added services of priority processing as well as fast track delivery of Toyota vehicles to customers of Meezan Car Ijarah, Pakistan’s first Riba-free car financing product.

Mr. Arshad Majeed while speaking at the occasion said, “Meezan Bank is the leading player in Pakistan’s Islamic Auto Financing industry. We are hopeful that our alliance with Indus Motor Company Ltd will further facilitate our clients by providing them with the best services across the country.”

MBL IMC Sign MOU

From Left: Mr. Hamza Faisal – Marketing Planning Manager and Mr. Abdul Rab – Senior General Manager from Indus Motor Company Limited, Mr. Arshad Majeed – Group Head Consumer Finance, Meezan Bank and Mr. Wise ur Rehman – Head of Car Ijarah, Meezan Bank at the signing ceremony.