Finance options that fast-track you to the vehicle of your dreams.
For ‘brand new’ vehicles choose the New Vehicle Finance option. We can buy the vehicle then sell it to you at a cost including an agreed profit through the Shariah contract of Murabaha, or on a specific sale price through Musawamah.
If you are buying a used or pre-owned vehicle we can acquire it and then and sell it to you at a cost including an agreed profit through the Shariah contract of Murabaha, or on a specific sale price through Musawamah.
Under Murabaha the seller (in this case Al Hilal Bank) discloses the true cost incurred in acquiring the vehicle, then sells it to the buyer (in this case an Al Hilal Bank customer) for an agreed profit.
Under Musawamah, the price of the vehicle is negotiated between the seller and the buyer. The seller is not bound by the Sharia'a to disclose the cost incurred, nor the profit made from the transaction.
To view the Shariah Certificate for New Vehicle Financing, please click here.
To view the Shariah Certificate for Used Vehicle Financing, please click here
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