MCB Islamic Bank has announced a Shariah-compliant financing option for the JAECOO J7 under its Micar vehicle financing program.
The bank is offering the vehicle through a financing structure based on diminishing Musharakah, which allows customers to acquire ownership through scheduled payments over an agreed term.
Financing Terms and Coverage
According to the bank, the rental rate for the JAECOO J7 is set at a one-year KIBOR plus 2 percent. The Takaful contribution is listed at 1 percent only.
The program also includes a priority delivery option for eligible customers.
Offer Validity and Access
The financing offer is valid until March 31, 2026.
Customers can access additional details and application information through MCB Islamic Bank’s official Micar consumer finance page.
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I would like to know the maximum time frame of the financing