Meezan Bank to launch Shariah-compliant Generator Financing

April 17th, 2014

Meezan Bank, Pakistan’s first and largest Islamic bank, has added Generator financing to its menu of Consumer Financing products by joining hands with Honda Atlas Power Products (Pvt.) Ltd.

Through this Riba-free Generator financing product “Meezan Roshani”, Meezan Bank  will provide Halal financing for a wide range of world renowned Honda generators in easy installments for 3 to 24 months.

Mr. Ariful Islam, Deputy CEO – Meezan Bank and Mr. Hisao Kobayashi, CEO – Honda Atlas Power Products signed the MoU at a ceremony recently held at Meezan Bank’s Head Office. Mr. Muhammad Raza, Group Head – Consumer Banking & Marketing and Mr. Malik Nasir, GM Honda Motors were also present at the occasion.

Commenting on the occasion, Mr. Ariful Islam said: “We are delighted that Meezan Bank has teamed up with world renouned Honda and the addition of this product to Meezan Bank’s Consumer Financing menu is another step in Meezan Bank’s efforts to achieve its Vision of establishing ‘Islamic banking as banking of first choice’ by bringing the convenience and benefits of Halal financing to the doorstep of the common man.”

Mr. Kobayashi shared the vision of Honda Motor Co. Ltd. and highlighted Honda’s long standing commitment towards quality products in Pakistan. He further elaborated that Honda is continuously striving to introduce new power products for the people of Pakistan and by doing so is “Helping People Get Things Done”. He appreciated Meezan Bank for collaborating with Honda and initiating innovative consumer financing products.

Honda deal with Meezan

Seen in the photograph are Mr. Ariful Islam, Deputy CEO – Meezan Bank, Mr. Muhammad Raza, GH Consumer Banking & Marketing – Meezan Bank and  Mr. Hisao Kobayashi, CEO -Honda Atlas Power Products along with their respective teams.