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
What you get

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.

  • Variable and fixed rental fees for the duration of the lease.
  • Flexible payment options to reduce your monthly rental fee.
  • Option of insurance cover from Absa.
  • Access to a range of free services:
    • mechanical and electrical assistance
    • home and roadside assistance for breakdowns
    • great deals on products and travel services
Benefits of Shari’ah-compliant vehicle finance
What you need to know
  • At the end of the lease, you can choose to:
    • purchase the vehicle at an agreed price
    • nominate a third party to buy it
    • continue to use it at a reduced or no rental fee
  • Great deals on products and travel services

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

How to apply
  • Find the vehicle you want.
  • Agree on an interest rate, monthly repayment amount and repayment period. 
  • Once all the documents have been signed and handed in, you can get your vehicle.
What you need to bring

Absa clients:

  • Proof of Identity (South African  ID or identity card)
  • Proof of address (not older than 3 months)
  • A valid salary slip (latest)

Foreign residents and non-Absa clients:

  • Work permit
  • Passport
  • Letter of appointment or a payslip
  • International driver’s license
  • Last 3 months’ bank statements (non-Absa clients)
Need more help?

Need more help?

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

Call us on:

0860 669 669

Call Islamic Car Finance on:

0860 000 786

Visit your nearest branch