Amanullah KhanFriday, March 22, 2013 - Karachi—Bank Alfalah’s Islamic Banking Group has signed a Memorandum of Understanding with the Pakistan Air Force (PAF) for the launch of the Car Ijarah Product Scheme in order to better serve the personnel of PAF.
This unique offering by the Bank provides highly attractive terms to the PAF personnel in accordance with Shariah guidelines. It may be noted that Bank Alfalah recently achieved the centennial branch milestone for its Islamic Banking branches,
The MoU signing ceremony was held at the Air Force Head Quarters in Islamabad and was attended by DCAS (Admin) Air Marshal Muhammad Hassan and other senior officers of the Pakistan Air Force as well as by Bank Alfalah.
During the ceremony the importance and need for such partnerships in the future was emphasized in order to provide value-added benefits and financial solutions to the officers of the Pakistan Air Force.