KARACHI - The launch of UBL ‘Ameen Auto Ijarah’ has introduced a flexible auto financing product plan that would enable many more people to purchase the car of their choice with the added benefit of Riba-free, Shariah compliant financing. 
Ameen Auto Ijarah constitutes a major drive forward for UBL’s Islamic Banking Division, and a boost to the market for consumer products financing. 
Designed with innovative product features that make it comparable to any similar commercial auto financing facility in the market, “Ameen Auto Ijarah lets customers enjoy a range of unique benefits. 
These include the ability to finance new or used cars, flexibility of matching rentals to cash-flows, application processing with or without documents and the first rental payable only after delivery of the car. 
Other benefits exclusively for launch customers include free Islamic Takaful insurance, free tracker, free registration and free application processing, depending on the package selected by customers. Plus with a promise of no hidden charges, no late payment charges and no pre-payment penalties, bode well for increased customer interest in “UBL Ameen Auto Ijarah” making the brand live up to its tagline of “Sab Ke Liye.” Ameen Auto Ijarah was unveiled at a launch function organized at a local Hotel on June 15. 
The event, presided over by Hussain Mazhar, Group Head Islamic Banking, was attended by senior members of UBL’s management as well as leading auto dealers from Karachi. The highpoint of the inauguration ceremony was a live performance by the renowned duo Anwar Maqsood and Moin Akhtar. 
While UBL Ameen Auto Ijarah is currently available in Karachi only, it will be launched in other major cities shortly, and is the forerunner of a variety of new and exciting Sharia-compliant consumer products to follow soon.