Pakistan: Meezan Bank launches working capital solution

Meezan Bank Limited has launched a new finished goods Islamic financing facility called Meezan Tijarah. The facility is available to SMEs and commercial/corporate customers seeking Shariah compliant working capital financing solutions. Meezan Tijarah would facilitate the customers that sell finished goods on a credit basis. The product can be used for providing financing facility in transactions where final / transformed goods are available for sale.

The facility will enable the customers to sell their finished goods, meet their working capital requirements and enjoy the benefits of cash sales. It is available for trading and manufacturing concerns and can also be used to facilitate customers to convert their interest based financing facilities to Islamic banking.

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