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aik by BankIslami Partners with PalmPay Pakistan for Smartphone Financing

BankIslami PalmPay will offer Shariah-compliant phone financing.

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A phone shop counter for the BankIslami PalmPay financing plan
aik by BankIslami has partnered with PalmPay Pakistan to offer Shariah-compliant smartphone financing through flexible instalment plans. Photo: Enable Pakistan

aik by BankIslami has partnered with PalmPay Pakistan to offer Shariah-compliant smartphone financing through flexible instalment plans. The BankIslami PalmPay partnership is the route for that financing.

What the BankIslami PalmPay partnership offers

The financing is for smartphones and is Shariah-compliant. Buyers repay through flexible instalment plans. The update does not give profit rates, tenors or a list of phone models.

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Our verdict

aik by BankIslami and PalmPay Pakistan will offer Shariah-compliant smartphone financing on flexible instalment plans.

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Frequently asked questions

Who are the partners?

aik by BankIslami and PalmPay Pakistan.

What financing is offered?

Shariah-compliant smartphone financing.

How is it repaid?

Through flexible instalment plans.

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