The JAC T9 Hunter, a mid-size pickup truck known for its blend of utility and comfort, is now being offered through Islamic Car Ijarah financing via the Bank of Punjab (BOP). This new financing arrangement aims to provide a Shariah-compliant path to vehicle ownership with a delivery timeline of 45 days.
The JAC T9 Hunter features a robust diesel engine, a premium interior, and configurations suitable for both commercial and private use. With demand for lifestyle pickups on the rise in Pakistan, this offering enters a competitive segment that traditionally includes compact SUVs and mid-size sedans.
Key Details:
- Financing Type: Islamic Car Ijarah (Shariah-compliant lease-based model)
- Partner Bank: Bank of Punjab (BOP)
- WHT Benefit: Rs. 530,250/- paid by Bank of Punjab
- Estimated Delivery Time: 45 days from booking
- Eligible Buyers: Salaried and business individuals who qualify under BOP’s financing criteria.
- Offer Validity: Until September 7, 2025
- Price: 10.5 Million – Price includes NEV tax of Rs. 350,000 but excludes 1% CVT and 5% WHT.
- Positioning in a Competitive Market Segment: For the price of a sedan or compact SUV, you can get the JAC T9 Hunter, offering a different value proposition in a pickup format.
Bank of Punjab’s involvement reflects a growing interest among financial institutions to offer ethical banking solutions in the automotive sector. The Islamic Car Ijarah model differs from traditional loans, operating on a leasing principle where ownership is transferred at the end of the lease period.
While this offer caters to customers seeking alternatives to conventional auto loans, interested buyers are encouraged to carefully evaluate the total cost of ownership, including lease payments, residual value, and insurance obligations.
This move also adds diversity to Pakistan’s vehicle financing landscape, particularly as local demand for pickups with multi-purpose use increases.
