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Meezan Car Ijarah
meezan bank

Meezan Car Ijarah

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Car Ijarah is Meezan Bank’s car financing product and is Pakistan’s first Interest-free car financing. It is based on the Islamic financing mode of Ijarah (leas...

Shariah Compliant Fully Sharia Compliant

Information courtesy of meezan bank. Data is subject to change — verify with meezan bank directly.

Benefits at a Glance 2 of 2 included

Shariah Compliant
Fully Sharia Compliant

Product Specifications 10 details

Interest Rate Fixed Profit Rates (Non Lien Based): 1 Year 12.98%, 2 Year 13.01%, 3 Year 12.99%, 4 Year 13.12%, 5 Year 13.12%, 6 Year 13.22%, 7 Year 13.29% source
Markup Rate(Fixed) Fixed Profit Rates (Lien Based): 1 Year 7.25%, 2 Year 8.25%, 3 Year 8.50%, 4 Year 9.00%, 5 Year 9.25%, 6 Year 9.35%, 7 Year 9.50% source
Financing limit Maximum financing of up to 10 million as the net financing amount source
Maximum Tenure Maximum ijarah tenure: Upto 7 years source
Repayment tenure 1 to 5 years agreed at the time of the contract source
Security Deposit Security deposit / Advance rental: Minimum 15% of the cost of vehicle and 25% of the cost of vehicle for Sport Utility Vehicle (SUV) for salaried professionals source
Applicant Age Minimum age limit of applicant should be 25 years; maximum age at maturity 60 years for salaried, 65 years for businessman / self-employed source
Minimum Age (Years) 25 source

Where these figures come from

The figures above were recorded from the issuer's own published page below. Last checked on July 29, 2026. Terms change without notice — confirm the current figure with the provider before you apply.

  • www.meezanbank.com/car-ijarah/ Cited for: Interest Rate, Markup Rate(Fixed), Financing limit, Maximum Tenure, Repayment tenure, Security Deposit, Applicant Age, Minimum Age (Years)…

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Meezan Car Ijarah
meezan bank

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