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Meezan Car Ijarah Calculator

Most Car Ijarah calculators only show you one rental figure. This one also shows what most people never check before signing: how much lower the monthly rental gets under Meezan's Residual Value option, and what that costs you at the end — using Meezan's own published profit rates and residual value table, not a guess.

Car Ijarah is a lease, not a loan — Meezan buys the car and rents it to you, so there's no "interest" here. This calculator uses "profit rate" and "rental," Meezan's own terms, throughout.

Ijarah Details

Please enter a valid car price.
Meezan's minimum security deposit is 30% of the car price; the Residual Value option allows up to 50%.
Security deposit must be between 30% and 50% of the car price.
Regular and Residual Value Ijarah are both offered for 1–5 years on locally assembled, non-commercial vehicles.
Auto-filled from Meezan's published Fixed profit rate for your selected tenure. Rates can be revised based on deposit and PKRV rate at time of disbursement — confirm before signing.
Takaful (Shariah-compliant insurance) is required for the Ijarah term. Rates shown are without add-ons unless noted.

Showing a Rs. 3,500,000 car as an example — edit the fields above and it updates instantly.

Regular Ijarah — Total Cost

Total Cost of Ownership (full Ijarah term)
—
Monthly Rental—
Security Deposit / Advance Rental—
Amount Ijarah-Financed—
Total Profit Paid (over tenure)—
Est. Annual Takaful (1st year)—
Processing Charges (Rs. 3,100 + FED, one-time)—

⚡ The Comparison Nobody Else Shows: Regular vs. Residual Value Ijarah

Meezan also offers a Residual Value (RV) option: you agree upfront to a lump sum at the end of the term, and your monthly rental drops because part of the car's cost is deferred to that final payment. At your selected tenure, Meezan's published residual value is — of the car price.

Residual Value (buyout amount at maturity)—
Amount Ijarah-Financed under RV—
Monthly Rental under RV—
Total Cost If You Buy the Car
—

No personal or financial account information is required. This tool runs entirely in your browser.

"The number people miss isn't the monthly rental — it's the residual value gap. A 40% RV on a 5-year car means you're deferring almost half the car's cost to a single balloon payment. Run both scenarios before you sign, not after."
— Dildar Hussain, PakFinHub banking analyst, 10+ years in Pakistani banking
Rate Data & Sources

Tenure options, security deposit range, Fixed profit rates by tenure, residual value percentages, Takaful rates, and processing charges are taken directly from Meezan Bank's official Car Ijarah page (meezanbank.com/car-ijarah).

Meezan does not publish a fixed early-termination percentage for Car Ijarah — premature termination is priced case-by-case against a Terminal-Value Schedule in the Ijarah contract (principal outstanding plus residual value), so this calculator does not estimate an early-exit cost. That's also confirmed in Meezan's Schedule of Service Charges, which lists "Profit on early sale (Termination) of Ijarah Assets" as "per terms agreed between customer and bank," effective 1 July – 31 December 2026.

Monthly rental figures are a PakFinHub calculation using a standard reducing-balance formula applied to Meezan's disclosed profit rate — an estimate, not Meezan's own quoted figure, since Meezan doesn't publish its internal rental-factor tables. Overall auto financing from all banks/DFIs combined is capped at Rs. 3,000,000 per person under the Residual Value offer — check this against your own financing history.

Last verified: August 23, 2026. Profit rates, Takaful rates, and charges change — always confirm with Meezan Bank directly before making a financial decision.

Independent estimate — not an official Meezan Bank calculator. PakFinHub is not affiliated with Meezan Bank. This does not constitute financial or Shariah advice.