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Meezan Bank celebrates 6 years of Islamic Auto Finance in Pakistan!

March 7th, 2009

Meezan Bank, Pakistan’s largest Islamic Bank’s Auto Finance Division held a commemorative event to celebrate 6 years of uninterrupted Auto Finance business – Car Ijarah, the first Islamic Auto Finance Product, in Pakistan.

The event was attended by over 200 people, including car dealers, manufactures, Takaful companies, business partners, Meezan Bank’s CEO, COO, Head of Consumer Banking and the Auto Finance Division team.

Mr. Muhammad Raza – Head of Consumer Banking welcomed the guests.  Mr. Ariful Islam – COO of Meezan Bank Ltd, in his keynote address highlighted Meezan bank’s role in creating a market for Islamic Car Financing through its flagship consumer product “Car Ijarah” in Pakistan. He also emphasized its popularity amongst Shariah-compliant financing products and Meezan Bank’s commitment towards the elevation and development of Islamic Consumer Finance business. The theme of this event was “Let’s join forces to bring change”.

Mr. Ariful Islam also talked about the prevailing economic scenario and the idea of synergizing the strengths of all business partners in order to revive the Auto business in Pakistan.

This was followed by the distribution of mementos to business partners and certificates to the pioneering members of Auto Finance Division to acknowledge their efforts in promoting the Shariah compliant Car financing services in Pakistan.

celebrates 6 years of Islamic Auto Finance