Halal finance
Finance without interest.
Our halal finance is provided by Ayan Capital. Ayan buys the car and rents it to you; every payment builds your ownership, and the car is yours at the end. No interest at any stage.
Takes about a minute · no obligation
Ijara wa Iqtina
Lease-to-own: Ayan buys the car and rents it to you. Each payment splits between rent and ownership, and the car becomes yours at the end for a nominal £1.
Terms of 12–60 months
Pick the term that fits your monthly. A longer term lowers the payment but costs more in rent overall — and the car must be under 12 years old when the agreement ends.
Open to everyone
Not restricted to Muslim customers. Anyone wanting transparent finance — no late fees, no early settlement penalties — can apply.
FCA regulated
Ayan Capital is a direct lender, FCA FRN 1022208. We’re a credit broker, not a lender. Your protections apply.
How it works
- 1
Request for Ijara — you ask Ayan to buy the car on your behalf. This confirms the car, the price, and your intent to enter the rental agreement.
- 2
Ijara Agreement — the rental contract. It sets out your monthly payment, the rental-and-ownership split, the term, and both sides’ responsibilities. Over time more of each payment goes to ownership and less to rent.
- 3
Sale & Transfer — agreed at the outset. Once every payment is made, ownership passes from Ayan to you for a nominal £1, folded into the final payment.
How it differs from standard finance
Standard
You borrow money to buy the car and pay it back with interest added on top.
Halal — Ijara wa Iqtina
Ayan buys the car and rents it to you. Each payment is split between rent and ownership, until the car is yours. No money is lent, so no interest is charged.
Adam checks it against Ayan’s criteria first — no point applying if it can’t work.
The criteria
Ayan’s rules, in full. They decide — we can’t approve anything, and won’t pretend otherwise.
Who can apply
- Employed (PAYE) applicants
- Aged 21–70 (by the end of the agreement)
- UK resident
- England, Scotland, Wales
What Ayan finances
- £2,000 – £45,000 advance
- 12 – 60 month terms — your choice
- Rate subject to credit — weaker credit means a higher rate
- 5% minimum deposit
- Cars up to 70,000 miles
- Under 12 years old at the end of the agreement
What you get
- Soft credit check — no impact on your score
- A decision in minutes
- No late fees, no early settlement penalties, no admin charges
- 14-day cooling-off period
- Voluntary termination once 50% of payments are made
- No mileage caps during the agreement
Not every car qualifies
Ayan won’t finance a car over 70,000 miles, and the car must be under 12 years old when the agreement ends — so a longer term rules out more cars than a shorter one. Plenty of our stock qualifies and plenty doesn’t. Ask us about the specific car you want and we’ll tell you straight, before you apply.
Questions people actually ask
Is this 0% finance?
No. There is no interest, but this is not 0% finance. Each payment includes a rental charge — that is how Ayan earns from the deal. It is disclosed up front, unlike 0% offers where the cost is hidden in an inflated price.
Is this just interest with a different name?
No. Interest is money earned on money — lending a sum and charging for the time. Ayan buys a real car and charges rent for its use, like a landlord. The profit is tied to the asset, not the money. That distinction is what makes it halal.
Why is there a rate shown if there is no interest?
It is a regulatory comparison figure required by the FCA so you can compare Ayan against any other lender on a like-for-like basis. It is not interest — it reflects the annualised total rental charge.
What rate will I get?
Ayan set your rate on your profile, and it is subject to credit — a weaker profile can mean a higher rate and a higher monthly. Your real figures come from Ayan in the application, set out in full before you commit to anything.
How long can I spread it over?
Ayan lend over 12 to 60 months and the term is your choice. Bear in mind the car must be under 12 years old when the agreement ends, so on an older car a shorter term may be the only option.
I’m not Muslim — is this for me?
Yes. Ayan’s finance is open to everyone. Anyone who wants transparent finance with no hidden fees and no penalties can apply.
Who owns the car?
Ayan is the legal owner during the agreement. You are the registered keeper on the V5C, which means you insure and maintain it. Ownership transfers to you once all payments are made.
I’m self-employed — can I apply?
Ayan’s personal finance is for employed (PAYE) applicants only. Talk to us and we’ll look at the other options on our panel for you.
My credit isn’t great.
You can still apply. The initial check is a soft one, so it won’t affect your score, and Ayan look at overall affordability and financial behaviour — not credit score alone.
Do you offer PCP on halal terms?
No. Ayan’s model is closer to hire purchase but fully Shariah-compliant. There are no balloon payments — ownership simply transfers at the end once all payments are made.
Ownership, insurance and upkeep
Ayan is the legal owner of the car for the length of the agreement. You are the registered keeper on the V5C — that names the keeper, not the owner. As keeper you insure the car and are responsible for its routine maintenance, servicing, tyres and general upkeep. At the end of the term, the Sale & Transfer Agreement moves ownership to you for a nominal £1.
Ayan Capital is a direct lender authorised and regulated by the Financial Conduct Authority, firm reference number 1022208 — you can look them up on the FCA register. Their contracts and processes are audited by Alhamd Shariah Advisory, who certify them against AAOIFI Shariah Standard No. 9; copies of the certificates are available on request.
Rather just talk to someone?
We’re in Manchester and happy to help.
Halal finance is provided by Ayan Capital (FCA FRN 1022208), a direct lender, using an Ijara wa Iqtina (lease-to-own) structure — not interest-bearing credit. Any rate you are quoted is an APR-equivalent comparison figure required by the FCA; it is not interest, and it is subject to credit — Ayan set your rate on your profile and confirm it in the application. Agreements run from 12 to 60 months. Ayan’s contracts are certified by Alhamd Shariah Advisory against AAOIFI Shariah Standard No. 9. Clear Car Group is a credit broker, not a lender. Finance is subject to status and affordability, and to Ayan’s approval — not every vehicle or applicant qualifies.