Islamic Vehicle Finance will ensure that you get the vehicle you want, whether it is for business or personal use, in a fully Shari'ah-compliant manner.

how does it work
How does it work?

Using the concept of Ijaarah, which is similar to leasing, you can enjoy access to a vehicle for a fixed period and price. This approach is Shari'ah-compliant and allows you to benefit from the unique advantages as well, such as 100% financing and tax benefits.

Benefits of Shari’ah-compliant vehicle finance
Benefits of Shari’ah-compliant vehicle finance
  • Choose between variable and fixed rental fees for the duration of the lease.
  • Flexible payment options allow you to reduce your monthly rental fee when you have extra cash.
  • At the end of the lease, you can choose to purchase the vehicle at an agreed price, nominate a third party to buy it or continue to use it at a reduced or null rental fee.
  • We offer insurance cover for your commercial assets and vehicles.
  • You have access to a range of free services (mechanical and electrical assistance), home and roadside assistance (for breakdowns) and great deals on products and travel services.
Shari'ah compliance

Shari'ah Law governs the manner in which Muslim people conduct their lives, including banking. Islamic Banking is deduced from the Shari'ah Law; hence it differs from conventional banking and forbids the payment or earning of interest, among other requirements.

As an alternative financial system to conventional banking, each of the solutions within Absa Islamic Banking are managed and administered according to Shari’ah Law under the guidance of the Absa Shari’ah Supervisory Board - comprising learned Muslim scholars.

This independent board specialises in Fiqh Almua’malat (Islamic Commercial Jurisprudence), directing, approving, reviewing, supervising and monitoring the activities of Absa Islamic Banking to ensure Shari'ah compliance.

For more information related to Islamic banking products please visit our homepage.

Need more help?

Need more help?

Let one of our consultants help you get the best loan for your needs.

Call us on:

0860 669 669

Call Islamic Car Finance on:

0860 000 786

Visit your nearest branch