Meezan Bank launches laptop financing

By
Hussain
-
8
248

Pakistan’s first and largest Islamic bank, Meezan Bank has launched a new consumer financing product that will allow customers to purchase laptops on easy installments. The new product called Laptop Ease is being offered for repayment periods ranging from three months to 24 months. The bank will not charge any profit or return for customers who opt for the three month or six month installment plan.
The product has been launched in collaboration with New Horizon and is available for only HP laptops. New Horizon will provide a two year warranty with parts along with nationwide after sales services at the customers’ doorsteps.
Meezan Bank Head of Consumer Banking Mohammad Raza and New Horizon COO Rahim Eqbal signed the MoU at Meezan Bank’s Head Office. ‘Meezan Laptop Ease’ through which customers can purchase Hewlett-Packard (HP) laptops, equipped with the latest features under a Halal financing scheme, is another step towards achieving Meezan Bank’s Vision of making Islamic banking the banking of first choice. Through this Riba-free facility, customers will be able to acquire laptops at easy installments for periods ranging from three to twenty four months.
Speaking on the occasion, Raza said that Meezan Bank has an active focus on developing customer-friendly, Islamic alternatives to conventional banking products, in line with its Mission to offer a one-stop shop for innovative value-added products and services to the customers within the bounds of Shariah.
Meezan Bank is the first and largest Islamic Bank in Pakistan having a network of over 220 branches in over 60 cities across Pakistan. Meezan Bank offers a complete range of Islamic banking products and services, including free online banking for all Pak Rupee account at all its branches.

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8 COMMENTS

  3. This is a great Opportunity but we must request to Meezan Bank that they should decrease the price of laptop you guys are showing too much price in your Meezan Bank website, because price is too much extra from the market value. please think about that. thanks

    Difference in actual market value and mention on Meezan website

    Meezan Bank : HP G6-1008TU Notebook Market Price: Rs. 64,330**
    Actual in market : HP G6-1008TU Notebook Market Price: Rs. 56,000

    **Interest rate is not included.

  4. Meezan Bank will get more than the actual price of the lap at which is available in the marke. Thus Meezan Bank is deceivimng the public in the name of sharia compliant banking. the difference comes to 16%p.a. if it is payable in one year.

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