Vous êtes sur la page 1sur 29

BIKE IJARAH

MEEZAN
BANK
What is ijarah

It is a term of Islamic fiqh


Itmeans to give something on
rent
Itis Islamic alternative of
leasing (conventional term)
What is Meezan Bike
Ijarah?
Bike Ijarah is Pakistans first Riba-
free motorcycle financing facility
which is based on the Islamic
financing mode of Ijarah (leasing).
It is ideal for individuals who want
to get interest-free financing for
acquiring a motorcycle.
How is bike ijarah shariah
complaint ?
Rights & Liabilities of Owner v/s User
Continuation of lease rentals in case of total loss
or theft of vehicle
Takaful instead of Insurance
Permissibility for Penalty of Late Payment of Rent
under Islamic Shariah
How to get a bike through Bike Ijarah?
Process of ijarah

Payment of rentals
Transfer of ownership

vendor Islamic bank agreement customer

Payment of price Transfer of ownership


Products Offered under
bike ijarah
HONDA:
CG-125
CD DREAM
CD 70
HONDA DELUXE
HONDA PRIDOR
YAMAHA:
YBR 125
YBR 125G
SUZUKI:
GD 110
GD110S
GS 150
SPRINTER ECO 110S
Key Features

Two Periodic Low Monthly Rental after Fast Processing Takaful


Maintenance Rental Delivery and Delivery Available
Required Documents

Copy of Applicant's CNIC (Computerised


National Identity Card)
One Passport-sized colour photograph of
the applicant
Copy of Driving License
Declaration of Financing
Signature Verification Form
Specific Requirements
Salaried
Individuals Businessmen
Original / Certified copy of
Bank Statement (last 6
months)
Original / Certified copy of
Pay Slip
Certified copy of Bank
Employer's certificate
Statement (last 12
including Tenor
months)
/Designation /Salary
2 years Proof of Business
(e.g. Tax return / Bank
Certificate/ any other
document)
Application Procedure

Fill out a Attach the


customer required Get your
documents and financing
application submit your
approved in
form(avail application with
Rs. a 5-7
able at any 1000(processing working days
Branch) charges)
PAYMENT DETAILS
(50%) (3 Yrs.)
PRICE OF VEHICLE RS. 132,400

UPFRONT PAYMENT

Security Deposit 66,200 (50%)

Processing Fee 1,000

Total Upfront 67,200

Number of months 36 (3 YRS)

Rent per month Rs. 3145


LEASE
AGREEMENT

PURPOSE
&DEFINITION
LEASE
AGREEMENT

TERMS & PERIOD


SECURITY
FEES AND EXPENSES
PAYMENT AND ACCOUNTS
SELECTION OF VEHECLES
DELIVERY
LEASE
AGREEMENT

USE OF VEHICLE
REGISTRATION &
INSURANCE / TAKAFUL
LEASE
AGREEMENT

PAYMENT OF LEASE RENTALS


TITLE
LEASE
AGREEMENT
CONT.
LEASE
AGREEMENT

LAW & JURISDICTION

SIGNATURES
ASSET
DESCRIPTION

PRICE
CHASSIS
MODEL
MANUFACTURER
ETC.
RENTAL
SCHEDULE

MONTHLY RENT
+
PRICE OF ASSET
RECEIVING OF
VEHICLE
DEMAND
PROMISSORY
NOTE
UNDERTAKING
REPOSSESSION
OF
VEHICLE