Peugeot Pakistan has announced a Ramadan financing offer for the Peugeot 2008 in collaboration with Meezan Bank.
According to the promotional material, customers can purchase the Peugeot 2008 under a 0 percent markup plan for a tenure of two years. A separate three-year financing option is also available with a 4.5 percent markup.
Under the two-year plan at 0 percent markup, the advertised monthly installment for the Peugeot 2008 Active variant is Rs. 132,797. The Allure variant under the same tenure carries a monthly installment of Rs. 137,749.
For customers opting for the three-year financing plan at 4.5 percent markup, the monthly installment for the Active variant is Rs. 98,278, while the Allure variant is listed at Rs. 99,970 per month.
The campaign is being promoted as a Ramadan offer and is available exclusively through Meezan Bank. The advertisement highlights the tenure options and monthly installment figures but does not mention details such as the required down payment, processing charges, insurance costs, or eligibility criteria.
The Peugeot 2008 is being offered in two variants, Active and Allure, under this financing arrangement. Further terms and conditions have not been detailed in the promotional announcement.
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So the Islamic bank meezan is offering 4.5 percent markup on 3 years loan, is it Islamic way