Meezan Bank, a prominent Islamic bank in Pakistan, and Daraz, the country’s largest e-commerce platform, have formalized their commitment to encourage and support the adoption of electric bikes in Pakistan by signing a Memorandum of Understanding (MoU).
Under this strategic partnership, Meezan Bank will extend Shariah-compliant financing options for electric bikes to Daraz’s delivery staff and riders throughout the nation. The MoU signing ceremony featured Syed Iftikhar ul Haq, the Group Head of Consumer Finance at Meezan Bank, and Ahmed Tanveer, the Chief Operating Officer of Daraz Pakistan, along with senior executives from both organizations.
Syed Iftikhar ul Haq expressed enthusiasm for the collaboration, emphasizing their joint mission to reduce emissions and provide a more cost-effective and environmentally friendly transportation solution that would be advantageous to both the environment and the local community. He added that this partnership was aimed at promoting electric bikes in Pakistan.
Ahmed Tanveer echoed this sentiment, underscoring Daraz’s dedication to enhancing the delivery experience for their customers while actively contributing to a greener and more sustainable Pakistan. By partnering with Meezan Bank, they aim not only to promote environmentally responsible practices but also to offer their riders a financially feasible alternative in light of escalating fuel prices.
The collaborative endeavor between Meezan Bank and Daraz Pakistan represents a significant step towards fostering a cleaner and more sustainable future for transportation in Pakistan.