Shariah-compliant vehicle: Mobilink Bank, Yango Pakistan partner financing
KARACHI: Mobilink Bank, and Yango, part of the global technology company Yango Group, have partnered to provide eligible Yango partner drivers and couriers with access to Shariah-compliant vehicle and handset financing, embedded Takaful protection, and inclusive digital banking and payment solutions. The partnership aims to strengthen financial inclusion by supporting partner drivers with…
Karachi, Pakistan - Mobilink Bank and Yango Group have joined forces to offer Shariah-compliant vehicle and handset financing to eligible drivers and couriers through their partnership. The collaboration seeks to enhance financial inclusion by providing tailor-made solutions for the livelihood and business requirements of partner drivers.
The partnership values vehicles as essential productive assets for ride-hailing drivers and unifies financing, protection, digital payments, banking, and connectivity in a comprehensive ecosystem. Mobilink Bank will provide Car Diminishing Musharakah financing up to PKR 5 million, Murabaha financing for motorcycles, e-bikes, rickshaws, and handsets, all under Corporate Guarantee arrangements.
Yango Pakistan's Country Head, Miral Sharif, emphasized that a vehicle is the cornerstone of a driver's earning potential, and appropriate financing and protection can significantly affect their ability to work and grow. The collaboration aims to empower driver ecosystems through access to robust financing, protection, and digital banking tools, ultimately fostering sustainable growth in the gig economy.
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