Public Islamic Bank’s EEV, solar panel plans give environ a boost

Public Islamic Bank will also launch a residential solar panel financing programme with attractive financing rates to benefit existing customers.

KUALA LUMPUR: Public Islamic Bank Bhd is giving the environmentally-conscious consumers and households a big boost with its financing plans for energy efficient vehicles (EEV) and solar panels.

In a recent statement, it said that these plans reflected its strong support for Bank Negara Malaysia’s value-based intermediation (VBI) initiative to align Islamic finance business models.

The VBI initiative was towards realising the objectives of Shariah to generate positive and sustainable impact to the economy, community and environment.

Hence, this saw Public Islamic Bank launching its EEV campaign under AITAB hire purchase-i financing.

Under the EEV financing, the promotion period of this campaign was from April 1 to Dec 31,2020. The exclusive financing rate is as low as 2.20% per annum with tenure up to nine years.

“This campaign is designed to support local growth and usage of EEVs in Malaysia to reduce carbon emission into our environment, ” it said. This promotion is only applicable to selected new vehicle models.

Public Islamic Bank will also launch a residential solar panel financing programme with attractive financing rates to benefit existing customers.

“This solar programme is expected to produce positive sustainable effect to the environment and contribute towards cost savings for our customers, ” it said.