Enjoy great benefits including 100% financing and tax benefits when you apply for Islamic Vehicle and Asset Finance.
 

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  • How it works

    • Managed and administered according to Shari’ah law.
    • The Absa Shari’ah Supervisory Board, an independent board comprised of learned Muslim scholars, specialises in Fiqh Almua’malat (Islamic Commercial Jurisprudence).
    • This board directs, approves, reviews, supervises and monitors our Islamic banking activities to ensure Shari’ah compliance.
    • Using the concept of Ijaarah, which is similar to leasing, you have access to a movable asset for a fixed period and price.
    • Islamic finance is available online, via branches, Absa-approved dealerships or the Contact Centre.
    • We also offer the following finance options:
      • Sale and leaseback finance
      • Specialised finance: marine and aviation finance

  • What you get

    • Shari'ah-compliant finance for vehicle or other movable assets.
    • Unique benefits such as 100% financing and tax benefits.
    • Fixed or a variable rate.
    • Flexible payment options allow you to reduce your monthly rental fee when you need extra cash based on agreement.
    • At the end of the lease period, you get ownership of the asset at the contractual value.
    • Payment amounts can be adjusted upfront using bullet or balloon payments.
Need more help

Need more help?

Let one of our consultants assist you.

For Absa Vehicle and Asset Finance call us on:

0860 669 669

For Commercial Asset Finance call us on:

0861 00 11 55