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VavaCars And Meezan Bank Join Hands

Meezan Bank is the leading Islamic Bank of Pakistan. It has served more than 220 cities of Pakistan having over 760 branches country wide, with Shariah-compliant product to meet your financial requirements.

VavaCars is a part of a 50-year-old group of companies which focuses on the energy sector. VavaCars, a globally recognized car transaction platform, aims to provide you a hassle-free car buying or selling experience.

In end February, Meezan Bank and VavaCars came together to formulate an agreement. The vision of this collaboration is providing innovative financing products for car trading. The purpose is to aid car traders who use VavaCars and do not have access to financing. This partnership can be seen as a bridge between the banks and car traders.

This agreement was signed by Mr. Syed Tanveer Hussain, General Manager and Head of Commercial Banking at Meezan Bank and the Country Manager of VavaCars, Mr. Mujahid Khan.

This union between two leading brands will assist auto traders who lack access to financing as Meezan Bank will provide the resources in the shape of Sharia-compliant financing products. Auto traders applying through Meezan Bank shall therefore be prioritized by VavaCars.

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On this pleasant occasion of this business tie-up, Mr. Syed Tanveer Hussain said; “Meezan Bank is excited to join hands with VavaCars to facilitate car traders purchasing used cars from VavaCars. Meezan Bank will use technology platforms to provide complete banking solutions to provide car traders and VavaCars.” It surely is impressive to see the relationship being built between banks and car traders. “This will be a first-of-its-kind partnership to promote the trade of used vehicles in Pakistan and we are optimistic that Meezan Bank and VavaCars will jointly play a vital role in its success.”, Mr. Tanveer added.

Country Manager of VavaCars, Mr. Mujahid Khan was equally enthusiastic about this new connection which was birthed. “I am excited about partnering with Meezan, the leading Islamic Bank of Pakistan. This partnership is a reflection of our shared values of Trust, Transparency, and a passion to serve our customers, and will bring ease of securing Sharia- compliant financing for our partner auto traders.”, said Mr. Mujahid.

We wish the best for this new founded association. This is the first step on the long road of car trade financing.

About the author

Zainab Iqbal

Zainab Iqbal

Zainab is an enthusiastic under-training commercial pilot with exclusive passion for photography and writing. Currently working as the content writer for Automoteve, she aims to bring latest happenings in the automobile industry to auto enthusiasts.