Frequently asked questions

Yes, Mizan Finance is structured according to Islamic principles using Ijara wa Iqtina (rent-to-buy). Mizan purchases the vehicle and retains full ownership throughout the rental term. You pay fixed weekly rentals — not loan repayments — for the right to use the car. At the end of your agreed term, ownership transfers to you. This avoids riba (interest) and gharar (uncertainty) entirely, making it permissible under Shariah law.

Our model is regularly reviewed by qualified Islamic scholars to ensure ongoing compliance.

Mizan Finance owns the vehicle throughout the rental term — you are the renter and keeper. The vehicle is registered and insured in your name for PHV use, but legal ownership remains with Mizan until the end of the agreed term.

Once all weekly rentals have been paid, ownership of the vehicle transfers to you under a separate purchase agreement. This is a genuine rental followed by a genuine sale — not a loan.

With fleet rentals you rent forever — there is no end date and you never own the vehicle. With Mizan Finance, you rent for a fixed, defined term and the car becomes yours at the end. Every weekly payment brings you closer to full ownership.

Fleet rentals also bundle insurance, servicing, and other costs into your weekly payment, often costing £250+/week. Mizan Finance unbundles these services, giving you control and saving you money — starting from £147/week.

No, Mizan Finance is available to all PCO drivers regardless of faith. While our financing structure is Shariah-compliant, it works equally well for non-Muslim drivers who want true ownership and unbundled pricing.

Many non-Muslim drivers choose us because they appreciate the ownership model and significant cost savings compared to traditional fleet rentals.

To be eligible for Mizan Finance, you need:

• A valid PCO licence (or proof of application)
• UK residency with appropriate immigration status
• Proof of income (typically 3 months' bank statements)
• Clean credit history (we'll assess on a case-by-case basis)
• The vehicle must meet our criteria (PCO-compliant, under 5 years old)

We'll carry out full affordability and suitability checks before approving any application.

Weekly payments start from £147 for our budget vehicles, with standard vehicles from £165/week and electric vehicles from £195/week. The exact amount depends on the vehicle price, your deposit, and contract length.

Unlike fleet rentals, these payments are for the vehicle only – insurance, servicing, and other costs are separate and your choice. This typically saves you 40% compared to bundled fleet packages.

Yes! We offer two options:

• Curated Selection: Choose from our pre-inspected, quality-assured vehicles
• Driver-Sourced: Find your own vehicle and we'll assess it against our criteria

If you choose your own vehicle, it must be PCO-compliant, under 5 years old, in good condition, and meet our assessment criteria. There is no maximum mileage requirement for driver-sourced vehicles. We'll provide guidance on finding suitable vehicles.

Your weekly payment covers the vehicle rental only. This is a fixed amount set at the start of your agreement and does not change. Road tax is included in year one.

Insurance, servicing, tyres, breakdown cover, and other costs are separate and your choice. This gives you control and saves money compared to bundled fleet packages.

No, there are no mileage limits with Mizan Finance. Unlike many fleet rentals that cap mileage and charge excess fees, you can drive as much as you need for your PCO work.

This is particularly important for busy drivers who rely on their vehicle for income.

If you wish to stop driving before your term ends, you have options:

• Early settlement: Pay the remaining balance to take ownership early
• Return and settle: Return the vehicle to Mizan and settle any outstanding amount
• Contract extension: Extend your agreement (subject to mutual agreement)

We'll work with you to find a fair solution. If you've completed your term and own the vehicle, you can keep, sell, or trade it in as you wish.

The application process typically takes 2-4 weeks from start to finish. This includes:

• Initial application and document submission (1-2 days)
• Credit and affordability checks (3-5 business days)
• Vehicle inspection and valuation (if driver-sourced, 1-2 days)
• Final approval and contract signing (1-2 days)

We'll keep you updated throughout the process and aim to be as quick as possible.

Yes, we understand the importance of Ramadan for Muslim drivers. We offer:

• Flexible payment scheduling around prayer times
• Understanding of fasting periods
• Extended response times during Ramadan
• Cultural sensitivity in all communications

Our team includes Muslim staff who understand these requirements.

While insurance and servicing are your choice (giving you control and savings), we can provide recommendations and introductions to:

• PCO-specialist insurance providers
• Reliable garages for servicing and maintenance
• Tyre suppliers and breakdown cover options

We want you to have the best options available, not be forced into expensive bundled packages.

Life happens, and we understand that circumstances can change. If you need to modify your agreement, we offer:

• Contract extensions (subject to mutual agreement)
• Early settlement options
• Vehicle return and settlement

We'll work with you to find a solution that works for both parties.

We're currently in the final stages of preparation and expect to launch in early 2026. Registering your interest now will give you:

• Priority access to our curated vehicle selection
• Early-bird pricing opportunities
• Dedicated onboarding support
• Regular updates on our progress

We'll be selective with our initial rollout to ensure the best experience for our first customers.