ALL YOUR QUESTIONS
Islamic Car Finance FAQs
A list of generally asked questions by Australian brothers & sisters while going through their first sharia compliant financing journey .
What is Murabaha vehicle financing & how is it sharia compliant?
What types of vehicles are eligible for sharia compliant financing?
What is the financing amount range?
What is the financing term?
Are balloon payments allowed?
What are the profit-charge rates?
What are the asset condition requirements?
What are the vehicle age limits?
What credit score is required?
Can I refinance my existing vehicle loan?
Are private sales allowed?
Is an odometer reading required?
How frequent are repayments?
Can I make additional repayments?
What financing model is used?
How is the funding provided?
Will I get charged the full profit if I pay off early?
How long does it take to receive approval?
What is Murabaha vehicle financing & how is it sharia compliant?
What types of vehicles are eligible for sharia compliant financing?
What is the financing amount range?
What is the financing term?
Are balloon payments allowed?
What are the profit-charge rates?
What are the asset condition requirements?
What are the vehicle age limits?
What credit score is required?
Can I refinance my existing vehicle loan?
Are private sales allowed?
Is an odometer reading required?
How frequent are repayments?
Can I make additional repayments?
What financing model is used?
How is the funding provided?
Will I get charged the full profit if I pay off early?
How long does it take to receive approval?