Meezan Bank hosts Countrywide Convention of Car Ijarah Dealers

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Meezan Bank, Pakistan’s first and largest Islamic bank, hosted the Car Ijarah Dealers’ Convention 2018 – A 10-day convention that hosted manufacturers and dealerships in Karachi, Multan, Faisalabad, Lahore, Islamabad, and Peshawar, according to a press release.

Mr. Arshad Majeed, Group Head Consumer Finance, and Mr. Wise ur Rehman, Head of Car Ijarah, represented the Bank at the Convention while the management teams of all major auto industry manufacturers and over 200 authorized and unauthorized dealerships’ owners and representatives also attended the event.

This first of its kind convention was developed and driven by Meezan Car Ijarah team, Pakistan’s first Shariah-compliant car financing product, and involved representation from major industry manufacturers including Indus Motor Company Ltd, Honda Atlas Cars Pakistan Ltd, Pak Suzuki Motor Co. Ltd, Al-Haj FAW Motors (Pvt) Ltd, Kia Lucky Motors Pakistan Ltd, and MDK Corporation.

Mr. Arshad Majeed, while speaking at the Convention said, “Car Ijarah Dealers’ Convention 2018 brings together the key players from Pakistan’s automotive industry and provides them with an unparalleled networking opportunity. As Pakistan’s Car Finance market continues to grow, innovation and exploration of various products and services being offered will provide fresh stimulus to the auto industry by synergizing the strength of all business partners, manufacturers, and dealership networks.”

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