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Thread: mezan bank n mehran scheme

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    PakWheeler peer2's Avatar
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    Lightbulb mezan bank n mehran scheme

    aoa read abt mehran scheme in newspaper... wan to knw abt dat...
    wats meant by residual value scheme? wats difference from other leasing scheme
    on advertise it is written "car on rent" wat dats mean?
    i wan to buy mehran via bank.. is this scheme any beneficial frm others?
    plz reply thnx
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    MGK
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    Senior PakWheeler MGK's Avatar
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    Advance kitni?

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    PakWheeler Abdul_Hannan's Avatar
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    As a step towards Meezan Bank?s mission to provide a one-stop shop for innovative value-added Shariah compliant products, Meezan Bank?s Car Ijarah unit provides car financing based on the principles of Ijarah and is free of the element of interest. Car Ijarah is Pakistan?s first Interest Free car financing based on the Islamic financing mode of Ijarah (Islamic leasing). This product is ideal for individuals looking for car financing while avoiding an interest-based transaction. Meezan Bank? Car Ijarah is a car rental agreement, under which the Bank purchases the car and rents it out to the customer for a period of 3 to 5 years, agreed at the time of the contract. Upon completion of the lease period the customer gets ownership of the car against his initial security deposit.

    Meezan Bank Ltd. | Car Ijarah

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    PakWheeler illusive255's Avatar
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    Diary Of A Heartbreak Kid

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    Senior PakWheeler babarhyd's Avatar
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    Its like kaan ko idhar sai pakro ya ghuma k pakro all is same as leasing.

    Sent from my GT-I9003 using Tapatalk 2
    lonewolf1 likes this.

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