Car Market

ISLAMIC CAR MARKET VALUE

The Halal industry in the UK is worth over £2 trillion and rapidly growing catering for both Muslim and non-Muslim consumers.  With a range of ethical and value-based products the industry offers, we ensure our clients secure the best car loans for their needs.

WHY ISLAMIC CAR FINANCE?

Interest bearing loans are a major cause for the growing levels of individual debt, increase in poverty and disparity in wealth.  With the need for funding, many individuals get caught up in servicing high interest rate payments to lenders, undermining their beliefs & values and leads to a downward spiraling debt trap. 

Islamic Car Finance aims to assist all our clients to secure halal car loans, backed by reputable lenders with minimum fees, without any hidden interest charges at the client’s convenience.  We build communities with values, encourage social impact and support to alleviate poverty.

UK Car Market Size:

10m

10.3 million

New & used car sales (2019)

32m

32.7 million

Licensed drivers (2020)

35m

35.1 million

Cars on the road (2020)

48m

£48 billion

Car financing market value (2019)

UK Muslim Consumers:

loan-halal-islamic-car-finance-uk

£2.1 Trillion

Halal industry size (2017)

loan-halal-islamic-car-finance

3.3 Million

Muslim Population (2018)

halal-islamic-car-finance-and-loan

20%

In F/T Employment (2019)

Benefits of Islamic Financing:

01

$2 trillion market in over 70 countries and growing

02

Financial Inclusion allowing greater number of consumers into the economy

03

Reducing Impact of harmful products and practices including Usury and Gambling

04

Financial Justice promotes sharing of net profit and loss

05

Risk Management shared proportionality between lender and beneficiary

06

Investment Stability promoting the reduction of risk and exposure

07

Accelerates Economic Development with high return on investments

08

Banking for All open to Muslims and non-Muslim consumers

09

Transparency conducting business in a fair and transparent manner

10

Ethical & moral promotion of socially desirable investments

11

Discouraging speculation a major source of instability and misallocation of capital

12

Capital deployment to the real economy to promote socio economic justice