Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in the country has recently signed a Memorandum of Understanding (MoU) with CarFirst, Pakistan’s most trusted trading platform for used cars. Arshad Majeed, Group Head Consumer Finance – Meezan Bank signed the MoU along with Raja Murad Khan – Chief Executive Officer and Co-Founder of CarFirst with their respective teams.
As per the MoU, Meezan Bank will facilitate the provision of Shariah-compliant financing solutions for used cars on CarFirst’s platform. As our strategic partner, CarFirst will forward leads of used cars and also provide our customers a platform to sell used cars. CarFirst’s online systems are backed by a nationwide network of purchase centers, which purchase and exchange used cars and make hassle-free business deal for customers to sell their cars.
Raja Murad Khan, CarFirst’s CEO said, “CarFirst, Pakistan’s most trusted used car trading platform, looks forward to offering tailored solutions for Meezan Bank and its customers automotive needs. Our aim is to facilitate customers with a complete solution under one roof, including financing.”
Arshad Majeed, while speaking at the occasion, expressed his appreciation that this initiative will provide Car Ijarah customers a uniquely structured car financing solution for certified used cars. He further added that this alliance will prove to be mutually beneficial for both the organizations and would help in reaching to a larger market.