Emirates Islamic Bank (EIB), a leading Shari'a compliant services bank, has launched a new vehicle finance promotion in association with Al Habtoor Motors, a top automobile distributor in the UAE.

Under the “Intaleq” plan, individual customers will have the opportunity of owning any brand new Mitsubishi vehicle in an easy and convenient way.

The plan offers a 50 per cent reduction on the processing fee, as well as an installment holiday for 90 days and a maximum tenor of up to 72 months.

The bank will also provide financing for Islamic insurance. The promotion is up to September 30 and is subject to terms and conditions.

“At Emirates Islamic Bank, we always remain committed to offering creative and expedient products and services that have a positive impact in the day to day lives of our customers and that they can genuinely benefit from,” said Faisal Aqil, GM retail banking, EIB.

Karl Hamer, managing director, Al Habtoor Motors, said: “Al Habtoor Motors are always looking for innovative ways to assist our customers when they buy their new vehicles.”

“Mitsubishi has enjoyed increased market share over recent months due to your support. EIB has become a major provider offering excellent terms to our Mitsubishi drivers and we are extremely pleased to run this promotion through Ramadan,” he concluded. – TradeArabia News Service