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:
New & used car sales (2019)
Licensed drivers (2020)
Cars on the road (2020)
Car financing market value (2019)
UK Muslim Consumers:
Halal industry size (2017)
Muslim Population (2018)
In F/T Employment (2019)
Benefits of Islamic Financing:
$2 trillion market in over 70 countries and growing
Financial Inclusion allowing greater number of consumers into the economy
Reducing Impact of harmful products and practices including Usury and Gambling
Financial Justice promotes sharing of net profit and loss
Risk Management shared proportionality between lender and beneficiary
Investment Stability promoting the reduction of risk and exposure
Accelerates Economic Development with high return on investments
Banking for All open to Muslims and non-Muslim consumers
Transparency conducting business in a fair and transparent manner
Ethical & moral promotion of socially desirable investments
Discouraging speculation a major source of instability and misallocation of capital
Capital deployment to the real economy to promote socio economic justice