Pakistan is a developing country and public transport here doesn’t fulfil the requirements of everyone. This is the major reason for increase in demand for cars in Pakistan. Since everyone cannot afford buying car with full payment, car financing is much demanded here.
Well, some people may have issues with car financing, so for them there’s a product called Car Ijara or Islamic Car Financing by Meezan Bank. This is one good step by the bank to provide the working class Pakistanis to own their car in easy and simple ways. Car Ijarah actually provides a car financing based on the principles of Ijarah and thus it is free of the element of interest. If you want to own a car and looking for interest free car financing, Car Ijara might be the best product for you. (more…)
