Meezan Bank has expanded its Roshan Apni Car facility by introducing Shariah-compliant Ijarah financing for used cars, enabling Non-Resident Pakistanis (NRPs) with a Roshan Digital Account to finance vehicles for their families in Pakistan.
Under the facility, eligible Roshan Digital Account holders can apply digitally from anywhere in the world to finance a used car for their nominated family members residing in Pakistan. The bank offers discounted monthly rentals, while the application process is completed entirely online without paperwork.
Furthermore, the financing is based on Meezan Bank’s Shariah-compliant Car Ijarah model. Depending on eligibility, applicants can choose a financing tenure of up to seven years, while the minimum security deposit starts from 15% for eligible salaried Roshan Digital Account holders.
The initiative aims to help overseas Pakistanis provide affordable transportation for their loved ones in Pakistan through an Islamic financing solution. Interested Roshan Digital Account holders can apply through Meezan Bank’s digital platform, subject to the bank’s eligibility criteria and applicable terms and conditions.
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