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.
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.
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