Audi, BankIslami ink MoU

German automobile manufacturing giant Audi is set to enter the flourishing market of Pakistan. The German auto giant has partnered with BankIslami Pakistan through its importer Premier Systems, to introduce its brand in the Pakistani market. BankIslami Pakistan has signed a Memorandum of Understanding (MoU) with Premier Systems (Pvt) Ltd, Audi's general importer in Pakistan (Audi Pakistan); Pakistan's No. 1 luxury premium automobile brand. Under the MoU, BankIslami will provide tailor-made financing packages to Audi customers across the country through its flagship product of Islami Auto Ijarah. This agreement will enable both Audi Pakistan and BankIslami Pakistan to leverage on the inherent strengths of each other's vast network. The MoU was signed by Muhammad Yasin Khan, Chief Financial Officer, Premier Systems (Pvt) Ltd. and Yasser Abbas, Section Head Auto Ijarah, BankIslami. Speaking on the occasion, Muhammad Yasin Khan said: It is a moment of great pride for Audi Pakistan to be associated with a Bank of the stature & heritage. This MoU is part of a strategy Audi Pakistan is implementing to offer tailor-made financing solutions for its customers through BankIslami. Yasser Abbas of BankIslami, added: "This symbolic relationship will help to leverage BankIslami's and Audi Pakistan strengths, thus opening up new avenues". - SAMAA