Financing Rates and Takaful Details

MCB Islamic Bank has outlined clear financial terms for the JAECOO J7, keeping costs competitive within the current auto financing market in Pakistan.

Feature	Details
Financing Model	Diminishing Musharakah
Rental Rate	One year KIBOR plus 2%
Takaful Contribution	1% only
Vehicle Coverage	JAECOO J7
Delivery Option	Priority delivery for eligible customers

The inclusion of Takaful instead of conventional insurance further strengthens the Shariah-compliant nature of the offer.

Priority Delivery and Customer Benefits

One notable advantage of this financing plan is priority delivery. Eligible customers financing the JAECOO J7 through Micar may receive faster delivery compared to standard booking timelines, a major plus in Pakistan’s current automotive market, where waiting periods remain a concern.

This benefit makes the offer attractive for buyers who want quicker access to new vehicles without paying a premium in the open market.

Offer Validity and How to Apply

The Shariah-compliant financing offer for the JAECOO J7 is valid until March 31, 2026. Interested customers can explore eligibility criteria, tenure options, and application steps through the official Micar consumer finance platform of MCB Islamic Bank.

Given the growing popularity of Islamic banking in Pakistan and increasing interest in new SUV launches, early application is advised to secure preferred delivery slots.

Frequently Asked Questions

Is the JAECOO J7 financing fully Shariah compliant?
Yes, the financing is structured on diminishing Musharakah and includes Takaful instead of conventional insurance.

What is the rental rate for this financing plan?
The rental rate is set at one year KIBOR plus 2 percent.

Does this plan include insurance coverage?
Yes, it includes Takaful coverage at a contribution rate of 1 percent.

Who is eligible for priority delivery?
Customers meeting the bank’s eligibility criteria under the Micar program may qualify for priority delivery.

Until when is this offer available?
The offer is valid until March 31, 2026.

Final Thoughts

The launch of Shariah-compliant financing for the JAECOO J7 is a strong signal of how Pakistan’s auto and Islamic banking sectors are evolving together. With transparent terms, competitive rental rates, and priority delivery, this option provides a balanced solution for buyers seeking halal car financing without sacrificing convenience or vehicle choice. As SUV demand continues to grow, offers like this are likely to shape buying decisions across the market.

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