Listening...
to get the car of your dreams
Apply NowHBL Islamic Car Finance is a musharakah-based facility enabling you to get the car of your dreams.
Disclaimer: Please note that the monthly installment and payment schedule calculated here are tentative. Actual amounts may vary.
Tentative Calculation Schedule | |||||
---|---|---|---|---|---|
Months | Rent | Unit Purchase | Rental + Unit Purchase | Takaful Payment | Total Monthly Installment |
Disclaimer: Please note that the monthly installment and payment schedule calculated here are tentative. Actual amounts may vary.
HBL Islamic Car Finance is based on the concept of Diminishing Musharakah. Under this arrangement, the bank and customer become joint owners in a vehicle with an agreed investment ratio.
The Bank’s shares are divided into units that the customer purchases periodically to become the complete owner of the vehicle. The customer pays agreed rentals for using the bank’s share in the vehicle until the absolute ownership.
All bank charges will apply as per the prevalent Islamic Schedule of Bank Charges.
Terms and conditions apply.