MCB Islamic Bank, Hyundai Nishat Motors and Adamjee Insurance (WTO) enter strategic alliance

LAHORE: MCB Islamic Bank Ltd, Hyundai Nishat Motors and Adamjee Insurance (WTO) have joined hands for a strategic collaboration to provide exclusive car financing solution to their customers.

The MoU signing ceremony was held in Lahore on May 10. The ceremony was attended by Mian Muhammad Mansha, Mian Hasan Mansha – CEO Hyundai Nishat Motors, Muhammad Ali Zeb – Managing Director Adamjee Insurance and Muhammad Afaq Khan – President MCB Islamic Bank Ltd.

Malik Muhammad Adnan, GM Sales & Marketing from HNMPL and Muhammad Hamid Yasin, Group Head Consumer Finance, MCB Islamic Bank Ltd signed the MOU on behalf of respective organisations.

Through this alliance, MCB Islamic Bank Ltd. would provide Shari’ah compliant car financing on different variants of Hyundai’s vehicles at a fixed financing rate. Adamjee would be providing exclusive vehicle and family takaful coverage.

With this exclusive agreement customers would also be able to avail priority vehicle delivery. The Hyundai vehicles can conveniently be booked from any MCB Islamic Bank branch or from any Hyundai 3S authorized dealership across Pakistan.

Commenting on the partnership, Muhammad Afaq Khan, President MCB Islamic Bank Ltd. stated, “MCB Islamic Bank aims to provide customers with Shari’ah compliant value-added products and services. This alliance with Hyundai Nishat Motors will enable us to ensure that our customers are able to receive delivery of their Hyundai vehicles in the most timely, efficient, and Shari’ah compliant manner.”

Speaking at the occasion, Hasan Mansha – CEO Hyundai Nishat Motor (Pvt.) Ltd. said “I am hopeful this partnership will prove to be highly successful and further satisfy our customers by providing Hyundai vehicles with best services and an exclusive financial package offered by MCB Islamic Bank”.

Muhammad Ali Zeb – Managing Director & CEO, Adamjee Insurance expressed that “This initiative will provide customers with an attractive offer and priority treatment and Adamjee Insurance Company Ltd. offers its full support to further enrich the customer experience.”

Copyright Business Recorder, 2022