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.
A statement here on Monday said that this will be through Meezan Bank’s Laptop financing product- Laptop Ease.
It said that 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 on the occasion.
The statement pointed out that 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 instalments 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 and Marketing at Meezan Bank said that the Laptop Ease product was launched in April last year.