Karachi: Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in the country has recently signed a Memorandum of Understanding (MoU) with CarFirst, which is a nationwide platform for selling certified used cars. CarFirst’s online system is backed by network of inspection centers all over Pakistan for purchase and exchange of used vehicles. Mr. Arshad Majeed, Group Head Consumer Finance - Meezan Bank and Mr. Raja Murad Khan - Chief Executive Officer and Co-Founder of CarFirst signed the MOU between the two organizations.
Under the MoU, Meezan Bank will provide Shariah-compliant financing solutions to customers for the purchase of used cars through CarFirst’s platform. CarFirst and Meezan Bank will also jointly work on developing innovative financing products for purchase of used vehicles, that will be offered through CarFirst’s platform.
Speaking at the occasion, Mr. Arshad Majeed expressed his appreciation that this initiative will provide Meezan Bank’s Car Ijarah customers uniquely structured car financing solutions for certified used cars. He further added that this alliance will facilitate consumers by making the financing of used cars available to a larger number of customers.
Commenting on the occasion Mr. Raja Murad Khan said, “CarFirst, Pakistan’s most trusted used car trading platform, looks forward to offering tailored solutions to Meezan Bank and its customers for their automotive needs.”
Maaz A. Abbasi | Account Executive
Bridge Public Relations
710, Business Avenue ,P.E.C.H.S, Block 6,
Shahra-e-Faisal, Karachi.
Contact: (9221) 34547516, 34547451
Fax: (9221) 34556967
Cell # : 0321-2569525
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
