Pakistan Observer

Meezan Bank to provide financing for laptops

Staff Reporter

Tuesday, March 06, 2012 - Karachi—Meezan Bank, Pakistan’s first and largest Islamic bank, has joined hands with M/s. Unique Technologies for financing of “Dell” brand of laptop computers through Meezan Bank’s Laptop financing product, Laptop Ease.

In this regard an MOU was signed by Arif ul Islam, COO of Meezan Bank and Asif Bukhari, CEO of Unique Technology here at Meezan Bank Head Office. Shahzad Aslam Khan, Country Head Dell and Naveed Siraj, Country Head Intel was also present at the occasion. Laptop Ease is a Riba Free financing product based on the concept of ‘Musawamah’ whereby Meezan Bank provides financing for purchase of laptops at easy installments payable over 3 to 24 months. After signing of this agreement, Meezan Bank will also provide financing for Dell laptops.

Muhammad Raza, Head of Consumer Banking & Marketing at Meezan Bank said that “Our Laptop Ease product was launched on 26th April 2011. I am pleased to say that the consumer response has been very positive and during a period of just 10 months, we have financed more than 800 laptops”.

Meezan Bank is the first and largest Islamic Bank in Pakistan having a network of 275 branches in over 83 cities across Pakistan. The Bank offers a complete range of Islamic banking products and services, including free online banking for all Pak Rupee accounts at all its branches.

The Bank’s retail banking network is supported by 24/7 banking services that include over 200 ATMs, Internet Banking, VISA Debit card and a 24-hour Call Center. The Bank’s VISA Debit card allows its customers to shop at more than 30 million merchants worldwide and withdraw funds from their accounts from more than 1.4 million ATM’s worldwide.
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