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Islamic Vehicle Finance will ensure that you get the vehicle you want, whether it is for business or personal use, in a fully Shari'ah-compliant manner.

  • What you get

    Using the concept of Ijaarah, which is similar to leasing, you can enjoy access to a vehicle for a fixed period and price. This approach is Shari'ah-compliant and allows you to benefit from unique advantages, such as 100% financing and tax benefits.

    • Variable and fixed rental fees for the duration of the lease
    • Flexible payment options to reduce your monthly rental fee
    • Option of insurance cover from Absa *Note, this product is not certified shariah compliant
    • Access to a range of free services: *Note, this product is not certified shariah compliant
      • mechanical and electrical assistance
      • home and roadside assistance for breakdowns
      • great deals on products and travel services

  • What you need to know

    • At the end of the lease, you can choose to:
      • purchase the vehicle at an agreed price
      • last installment payment passes ownership of the vehicle to you
      • continue to use it at a reduced or no rental fee
    • You get great deals on products and travel services

    For more information related to Islamic banking products please visit our homepage.

  • How to apply

    • Find the vehicle you want
    • Agree on a profit rate, monthly repayment amount and repayment period
    • Once all the documents have been signed and handed in, you can get your vehicle

  • What you need to bring

    Absa clients:
    • Proof of identity (South African ID book or card)
    • Proof of address (not older than three months)
    • A valid salary slip (latest)

    Foreign residents and non-Absa clients:

    • Work permit
    • Passport
    • Letter of appointment or a payslip
    • International driver’s licence
    • Last three months’ bank statements (non-Absa clients)

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Need more help?

Need more help?

Let one of our consultants help you get the best vehicle finance for your needs.

Call us on:

0860 669 669

Call Islamic Car Finance on:

0860 000 786

Visit your nearest branch