VavaCars, Meezan Bank strike business accord.

KARACHI -- VavaCars, a globally recognized car transaction platform and Meezan Bank, Pakistan's leading Islamic bank, entered into an agreement to pave the way for providing innovative and efficient financing solutions for car traders in order to facilitate the entire purchase process for vehicles through VavaCars. The agreement was signed by Mujahid Khan, Country Manager, VavaCars and Syed Tanvir Hussain, General Manager and Head of Commercial Banking at Meezan Bank. This partnership aims to provide convenience to car traders who otherwise do not have access to financing, thus bridging the gap between banks and traders. Auto dealers having limited financing options will be able to increase their capacity to purchase vehicles from VavaCars through Shariah-compliant financing products offered by Meezan Bank. VavaCars auto trading partners will enjoy a priority status when they apply for financing through Meezan Bank. Speaking on the occasion, Mujahid Khan, Country Manager, VavaCars said: 'I am excited about partnering with Meezan Bank, the leading Islamic bank in Pakistan. This partnership is a reflection of our shared values of Trust, Transparency, and a passion to serve our customers, and will bring ease of securing Shariah-compliant financing for our partner auto traders.'

'Meezan Bank is excited to join hands with VavaCars to facilitate car traders in purchasing used vehicles...