Shift to Electric Mobility with 0% Profit Financing and Flexible Payment Options
Meezan Bank, in collaboration with Atlas Honda, has launched a Shariah-compliant financing scheme for the newly released Honda ICON e: electric scooter under its Meezan Apni Bike program. This initiative is aimed at promoting electric mobility in Pakistan by offering an affordable and interest-free installment plan.
The financing model is based on the Islamic concept of Musawamah (mutual negotiation), offering customers 0% profit over invoice value with a flexible installment plan of up to 24 months. To get started, buyers must make a minimum down payment of 20%, and monthly installments begin at just Rs. 13,997. An upfront, non-refundable processing fee of Rs. 1,800 plus Federal Excise Duty (FED) also applies.
This financing option comes as part of the rising shift toward eco-friendly transportation, especially as fuel prices remain high. It presents a budget-friendly solution for individuals looking to adopt electric vehicles without compromising on Islamic financing principles.
Honda ICON e: Key Features & Performance
The Honda ICON e: is designed for daily urban commuting with a blend of efficiency, convenience, and low environmental impact. Its standout specifications include:
- Top speed: 55 km/h
- Maximum range: Up to 65 km on a full charge
- Battery: Lithium-ion, 48V / 30.6 Ah
- Maximum torque: 85Nm
- Drive modes: Standard (53 km range) & Econ (65 km range)
- Riding capacity: Up to 150 kg
- Full digital display panel
The electric scooter delivers a smooth riding experience and is ideal for short to medium-distance travel within cities.
How to Apply
Interested customers can apply for the Meezan Apni Bike program by visiting their nearest Meezan Bank branch. All financing is subject to terms and conditions, and customers are encouraged to inquire about eligibility and required documentation before applying.
With this partnership, Meezan Bank and Atlas Honda aim to make clean mobility more accessible and affordable to the average Pakistani consumer.
