Strategic MoU enables Emirates Islamic customers to buy, sell and finance vehicles via Cars24 Arabia
Emirates Islamic has signed a Memorandum of Understanding (MoU) with Cars24 Arabia, a global auto-tech leader, to provide an enhanced vehicle buying, selling and financing experience tailored to meet the needs of the bank’s customers.
Building on a long-standing business relationship, the agreement creates a framework to deliver a suite of customised Shariah-compliant financing solutions, preferential commercial terms and discounted fees.
Through this partnership, Emirates Islamic customers will gain access to an integrated online platform to buy, upgrade, replace or sell their vehicles with enhanced speed, value and convenience.
Convenience
The MoU reflects both parties’ commitment to making vehicle ownership and trading more accessible and convenient for customers. By bringing together Cars24’s services and Emirates Islamic’s financing expertise, the collaboration offers customers greater choice and tailored support at different stages of their vehicle journey.
“We remain focused on providing practical, customer-centric solutions that deliver meaningful value in everyday life,” stated Mohamed Al Hadi, Head of Retail Banking and Wealth Management, Emirates Islamic.
“Together, we see a clear opportunity to simplify how customers move from the car they own to the car they want next,” commented Abhinav Gupta, CEO, Cars24 Arabia.
