Can Hejaz provide cash out for Auto Finance?

Hejaz Auto Finance is structured to align with responsible lending practices and Sharia-compliant principles, which prioritise ethical and prudent financing. A key reason we do not offer cash-out with our auto finance is that vehicles typically depreciate in value immediately after purchase. This rapid depreciation can create a risk where the outstanding finance amount may exceed the current value of the vehicle, potentially leaving clients in a negative equity position.

Additionally, cash-out options are generally associated with equity release, which is more suitable for asset types that appreciate in value, such as property, rather than vehicles. Since our auto finance products are tailored specifically for vehicle purchases and refinancing, we cannot accommodate cash-out or equity release within this product structure.

Our priority is to provide sustainable, Sharia-compliant finance solutions that protect our clients from financial risks and adhere to ethical lending practices.