Karachi, September 17 – BankIslami, one of Pakistan’s leading Islamic banks, has partnered with MG Motors Pakistan to roll out the country’s most competitive Shariah-compliant auto financing package.
The landmark collaboration introduces a record-low rental rate starting at just 4.99% (1-year equivalent 1.49%), setting a new affordability benchmark for auto consumers. Customers can enjoy same-day processing, instant approvals, and financing up to PKR 3 million and beyond.
The offer also comes with flexible tenure options — 2 years at 9.99% and 3 years at 11.75% — ensuring a balance between affordability and convenience. Backed by BankIslami’s panel of insurance partners, customers gain access to attractive coverage plans with full transparency in line with Shariah principles.
This special campaign applies to select MG models, including the MG HS and the MG HS Plug-in Hybrid Electric Vehicle (PHEV), catering to those seeking premium design, advanced technology, and eco-friendly driving solutions.
Commenting on the partnership, Syed Asif Ahmed, General Manager Marketing Division at MG Motors Pakistan, said:
“This partnership with BankIslami further strengthens our vision of making premium mobility accessible for more people in Pakistan. Customers now have the opportunity to enjoy MG’s cutting-edge technology and eco-friendly vehicles, while benefiting from the industry’s lowest financing rates in a fully Shariah-compliant manner. It’s a win-win for innovation, affordability, and customer convenience.”
With this move, BankIslami and MG Motors aim to transform Pakistan’s auto financing landscape, combining Islamic banking excellence with next-generation mobility solutions.
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