1. Customer Help Centre
  2. Auto Finance
  3. Shariah Compliance & How It Works

What makes Hejaz Auto Finance different from conventional car loans?

Hejaz Auto Finance is Sharia-compliant, avoiding interest (Riba) by using Murabaha structure, where the customer pays a profit rate instead of interest. Murabaha is an Islamic financing structure in which the seller and buyer agree to the cost and markup of an asset. It's also referred to as cost-plus financing.