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.
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.
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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