Mizan Finance uses the Ijara wa Iqtina (rent-to-buy) structure — a widely accepted Islamic financing method that avoids riba (interest) and gharar (uncertainty) entirely.
Under Ijara wa Iqtina, Mizan purchases the vehicle and retains full ownership throughout the rental term. You pay fixed weekly rentals — not loan repayments and not interest — for the right to use the car. Mizan's profit margin is embedded in the rental price, so there is no separate interest charge at any point.
At the end of your term, ownership of the vehicle transfers to you under a separate purchase agreement. Until that moment, Mizan remains the legal owner. This is not a loan dressed up as a lease — it is a genuine rental contract followed by a genuine sale.
"Allah has permitted trade and has forbidden interest."Surah Al-Baqarah (2:275)
Your weekly payments are rent, not interest. Mizan's profit is built into the rental price — no separate interest charge ever applies.
Fixed weekly rentals agreed upfront. Transparent total cost, clear term length, and no hidden clauses or speculation.
Mizan owns the vehicle throughout the rental period. At the end of the term, title transfers to you under a separate purchase agreement.
Our structure is regularly reviewed by qualified Islamic scholars to ensure it remains fully compliant with Shariah principles.
A rent-to-buy model built from the ground up on Islamic principles — designed for the real needs of Muslim PCO drivers in the UK.
Structured as Ijara wa Iqtina — a true rental followed by a separate sale. No riba, no haram elements, no conventional loan repackaged with Islamic labels. Reviewed by qualified Islamic scholars.
You know exactly what you pay every week for the entire term. Mizan's profit margin is agreed upfront and embedded in the rental — no variable rates, no compounding, no surprises.
Mizan purchases and owns the car throughout the rental term, bearing the risks of true ownership as required by Shariah. You rent it and use it for your PCO business.
Once all rentals are paid, the vehicle becomes yours under a separate purchase agreement. Every payment brings you closer to outright ownership — no balloon payments.
We understand your faith commitments. Ramadan-friendly scheduling, understanding of Islamic calendar and prayer requirements, and a team that respects your values.
Stop paying rent to fleet operators with nothing to show for it. With Ijara wa Iqtina, every weekly payment builds your equity in a real asset — until it's fully yours.