BankIslami & MG introduces industry’s lowest auto rental rate with instant processing

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Karachi: BankIslami, Pakistan’s leading Islamic bank, has announced a special collaboration with MG Motors Pakistan, offering customers the most competitive Shariah-compliant auto financing package in the industry. With an unprecedented rental rate starting from just 4.99% (1-year equivalent rate 1.49%), BankIslami’s MG financing offer sets a new benchmark in affordability and convenience for auto consumers. This exclusive campaign provides customers with same-day processing and quick approvals, financing of up to PKR 3 million and beyond. It also offers flexible tenure options of 2 years at 9.99% and 3 years at 11.75%, shariah-compliant solution ensuring complete transparency and attractive coverage plans through BankIslami’s panel insurance partners. News Desk
The offer is available on select MG models including the MG HS and MG HS Plug-in Hybrid Electric Vehicle (PHEV), catering to customers who seek a perfect balance of modern design, advanced technology, and eco-friendly mobility.
Speaking about the collaboration, Syed Asif Ahmed, General Manager, Marketing Division, MG Motors Pakistan, said:
“This partnership with BankIslami further strengthens our vision of making premium mobility accessible for more people in Pakistan. Customers now have the opportunity to enjoy MG’s cutting-edge technology and eco-friendly vehicles, while benefiting from the industry’s lowest financing rates in a fully Shariah-compliant manner. It’s a win-win for innovation, affordability, and customer convenience.”