We are proud to be Shariah-compliant

At Ayan, our priority is to ensure everything
we do strictly follows Shariah principles.
But what does that actually mean
in practice?

Our Sharia

certification

Our model is certified by Alhamd Shariah Advisory - an independent, a trusted authority in Shariah compliance. This certification reflects our unwavering commitment to ethical financial practices.

Mufti Ibrahim Essa

Sharia Supervisory Board; Faculty Member, Darul Uloom Karachi

Mufti Muhammad Ibrahim Essa is a well-known Islamic finance scholar who helps banks and insurers make products that follow Islamic principles. He studied and now teaches at Darul Uloom Karachi under Mufti Taqi Usmani and has issued over 5,000 religious rulings. He leads Alhamd Sharia Advisory Services and advises organisations such as Lloyd’s of London, United Bank Limited (Pakistan), Bank of Hayat (Uzbekistan), and EFU Insurance and Takaful. He regularly speaks around the world and holds an AAOIFI certification for Sharia advisory and auditing.

Guidance from the Qur'an

… they say, ‘Trade is just like interest.’ But Allah has permitted trade and has forbidden interest.”
— Surah Al-Baqarah (2:275)
This principle is at the heart of our business: no interest, no compromise, only fair and transparent transactions based on real assets, real economy, real trade.

Key features of our Sharia-compliant model

✋ No riba

We don't charge interest on your payments

🤝‍ No penalties

No penalties for late payments and absolutely no hidden fees

👍 No gharar

All terms are clear and upfront

💪 Asset-backed financing

Your payments are tied to a real asset (the vehicle)

Our model: Ijara wa Iqtina

We follow an Islamic contract known as Ijara wa Iqtina 🤔
🚗 Ijara means "leasing"
📝 Iqtina means "acquisition"
Together, this creates a path to ownership: you get to use the vehicle today while steadily moving closer to making it fully yours

We own the vehicle throughout, and pass the ownership to you at the end of the contract through a separate Sale and Transfer agreement

How your monthly payments work:
Rent Portion → The fee for using the vehicle (Ayan's profit)
Purchase Portion → Builds your share on the path to ownership, gradually reducing what remains

Think of it like a balance scale

At first, the scale leans toward Ayan, since we've provided most of the vehicle's value
With each payment, your side of the scale grows heavier — symbolising your progress on the path to ownership
Eventually, the scale tips fully in your favour and the vehicle becomes completely yours. A final Sale & Transfer agreement is signed to legally transfer the ownership of the vehicle to you, and if you have met your Ijara obligations, there is nothing left to pay

Take control of your

journey

You're always in control. By making lump-sum payments, you can:
Advance more quickly on your path to ownership
Reduce future rent
Reach full ownership sooner

You're in good hands

Trusted by satisfied customers across the country for halal car finance

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Driving change,
one customer at a time

The Ayan team combines decades of expertisein Islamic finance and tech.
ABOUT AYAN
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Questions?
Answers.

See all
What’s the difference between Murabaha and Ijara wa Iqtina?
Who owns the car during the term?
What risks are involved, and what assurances does Ayan provide?
How is the extra amount rental profit, not interest?
If this is halal, why do you check credit?
How does ownership transfer at the end of the term?
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