KARACHI: Sindh Bank has introduced a new Shariah-compliant Auto Finance facility under its Sa’adat Islamic Banking division, making it easier for customers to buy new and used locally manufactured vehicles through flexible payment plans.
The financing facility allows customers to purchase a car and repay the amount over a period of one to five years, giving them the flexibility to choose a plan that suits their budget. The bank says the application process is simple, with minimum documentation and quick processing to make financing more convenient.
The facility is available for both new and used locally assembled vehicles and follows Islamic banking principles, offering customers a halal financing option for car ownership. In this connection, officials of the Sindh Bank said the new product was aimed at helping more people own a vehicle through a customer-friendly and Shariah-compliant financing solution.
Established in 2010, Sindh Bank is a commercial bank primarily owned by the Government of Sindh. The bank offers a wide range of financial services, including personal and business banking, digital banking, agriculture financing, SME financing, and Islamic banking products through its Sa’adat Islamic Banking division.
In recent years, the bank has expanded its branch network nationwide and introduced several digital and Islamic banking services to make banking more accessible to customers. With the launch of this new auto finance facility, Sindh Bank continues to broaden its range of Shariah-compliant products while supporting customers looking for affordable and convenient financing options.
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