Meezan Bank, in collaboration with Atlas Honda, has announced a Shariah-compliant special financing scheme for the recently launched electric scooter Honda ICON e in Pakistan. This offer is part of Meezan Bank’s Apni Bike Program, enabling customers to purchase this eco-friendly scooter with zero interest and easy installments.
Under this scheme, customers can avail financing at 0% profit, based solely on the actual invoice value, with the option of convenient monthly installments for up to 24 months. According to bank officials, this financing follows the Islamic concept of Musawamah, which emphasizes profit-free transactions and transparency.
Key terms of the scheme include a minimum 20% down payment, monthly installments starting from Rs 13,997, and a non-refundable processing fee of Rs 1,800 (plus FED). Interested individuals are advised to visit their nearest Meezan Bank branch, ensuring compliance with all required terms and documentation.
The Honda ICON e also boasts impressive technical features, making it stand out from traditional bikes. It offers a top speed of 55 km/h, a range of 65 km per charge, a 48V, 30.6Ah lithium-ion battery, a fully digital meter, and two riding modes — Standard and Economic. It supports a maximum load capacity of 150 kg and delivers up to 85Nm of torque.
Analysts note that with rising fuel prices and growing environmental concerns, electric scooters are becoming a necessity for the future. This joint initiative by Meezan Bank and Atlas Honda provides citizens with an excellent opportunity to embrace electric mobility without financial strain.
