By our correspondent
KARACHI: Dubai Islamic Bank Pakistan Ltd (DIBPL) signed an MoU with Pak-Suzuki Motor Co Ltd to become first Islamic banking partner of the Suzuki Auto Finance Arrangement Programme, stated a press release. The agreement was signed by CEO DIBPL M A Mannan and Chief Executive and Managing Director Pak-Suzuki Motor Co Ltd Hirofumi Nagao. This arrangement will provide one-window facility to all those who seek to get finance for Suzuki vehicles in a Shariah-compliant manner. “We are proud to be partnering with Pak-Suzuki Motor. Dubai Islamic Bank has been a very aggressive player in the auto finance market. Despite the challenging environment DIB’s auto finance portfolio is growing at a consistent rate,” said M A Mannan, CEO DIBPL.