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Isuzu inks vehicle financing deal with Gulf African Bank
Isuzu East Africa GM Finance Charles Kariuki (left) with Gulf African Bank CEO Abdalla Abdulkhalik after signing an Islamic asset finance deal in Nairobi on May 7, 2019. PHOTO | DIANA NGILA
Islamic lender Gulf African Bank has inked a deal with Isuzu East Africa to finance customers’ purchase of a wide range of trucks sold by the Japanese motor vehicle dealer.
Gulf African Bank Managing Director Abdalla Abdulkhalik said under the one-year deal the lender would provide up to 95 per cent of funding while the customer would provide the remaining five per cent.