The signing ceremony took place at Meezan Bank's Head Office, Karachi and attended by Irfan Siddiqui President & CEO, Asif Rizvi CEO KIA Lucky Motors along with their respective teams. Meezan Bank has created a prospect for providing priority vehicle delivery to its customers across Pakistan. KIA is one of the world's fastest growing automobile manufacturers.
While commenting on MoU, Irfan Siddiqui, President Meezan Bank said that this is an important agreement for Meezan Bank that corresponds with bank's strategy to remain the No. 1 bank in Islamic auto-finance market. "Our agreement with KIA Lucky Motors Pakistan will make the luxury car, Grand Carnival more affordable to a large population of brand lovers", he added.
Irfan said that the Bank, in turn, will get the opportunity to couple this provision with a range of additional services and benefits including faster vehicles delivery as well as free initial services for its customers. Ariful Islam Deputy CEO of Meezan Bank, while speaking at the signing ceremony said that Meezan Bank Car Ijarah has been developed to comply with the principles of Shariah for providing convenient car financing.
The Bank follows a strategy of maintaining stringent credit criteria and fast deliveries to maintain optimal customer service in line with the service values of the Bank, he added. It may be mentioned here that KIA Lucky Motors Pakistan is collaboration between KIA Motors Corporation, South Korea and the Yunus Brothers Group, Pakistan to start vehicle assembly / manufacturing operations in Pakistan.