Compare Islamic car loans and vehicle finance by market

Al-Ijarah Thumma Al-Bai' (AITAB) Vehicle Financing

Maybank Islamic Berhad

Product type

AITAB lease followed by sale

Evidence status

Official fields checked

Checked

2026-09-15

Verified product fields

• The bank remains owner during the lease and the customer purchases the vehicle under a separate sale at the end of the term.
• The current PDS publishes a maximum term of nine years and states that rental may be calculated on fixed or variable terms.
• Published maximum financing margin is 90% for new or unregistered reconditioned passenger vehicles and 85% for second-hand passenger vehicles.
• Individuals aged 18 and above and eligible sole proprietorships, partnerships, and companies may apply.
• The PDS states that takaful is mandatory for a vehicle financed under AITAB.

Auto Finance

Emirates Islamic Bank PJSC

Product type

Vehicle Murabaha

Evidence status

Official fields checked

Checked

2026-09-15

Verified product fields

• The bank buys the vehicle at market price and sells it to the customer at disclosed profit on deferred instalments.
• The KFS publishes maximum tenor of 60 months and minimum Hamish Jiddiyya/down payment of 20% of vehicle value.
• Published indicative flat profit range is 2.49% to 5.64% p.a., equivalent reducing range 4.72% to 10.24% p.a.; applicant pricing may differ.
• The KFS publishes APR, processing-fee-inclusive illustrations, total Murabaha sale price, total profit, and EMI as separate fields.
• The published early-settlement example applies a 1.05% charge to the outstanding principal.

Car Finance

Abu Dhabi Islamic Bank PJSC

Product type

Vehicle Murabaha or Musawama

Evidence status

Official fields checked

Checked

2026-09-15

Verified product fields

• The KFS distinguishes Murabaha, where cost plus profit is disclosed, from Musawama, where the agreed sale price is disclosed but the bank need not disclose vehicle cost.
• Maximum published tenor is 60 months and minimum down payment is 20% of vehicle price.
• The current route publishes up to AED 1 million for UAE nationals, AED 500,000 for expatriates with salary transfer, or AED 350,000 without salary transfer.
• Published eligibility includes minimum salary AED 5,000, minimum age 21, and maximum age at maturity 65 for UAE nationals or 60 for expatriates.
• The February 15, 2025 notice publishes non-waived profit on partial/final settlement as 1% of outstanding finance cost plus VAT.

Al Islami Auto Finance

Dubai Islamic Bank PJSC

Product type

Shariah-compliant auto finance for new or used vehicles

Evidence status

Official fields checked

Checked

2026-09-19

Verified product fields

• The official product route supports both new and used vehicles and links product terms, fees, warnings, a Key Facts Statement, and a Shariah certificate.
• DIB publishes a maximum individual finance amount of AED 1 million and a maximum tenor of 60 months, subject to assessment.
• The page publishes a minimum salary requirement of AED 3,000 and states that salary transfer is not mandatory for the displayed route.
• DIB also identifies a non-individual route up to AED 8 million, which must not be treated as the same eligibility set as personal auto finance.
• The product page describes separate plans and payment options rather than a single universal price or payment schedule.

Auto Ijarah

Al Rajhi Banking and Investment Corporation

Product type

Vehicle Ijarah with purchase/end-of-term options

Evidence status

Official fields checked

Checked

2026-09-19

Verified product fields

• The official product page covers eligible new and pre-owned cars supplied through partner agencies and sub-dealers in Saudi Arabia.
• Published tenor is 12 to 60 months and published finance amount is up to SAR 2 million, subject to credit policy.
• The page says a zero-down-payment option and a balloon-payment option may be available.
• Comprehensive insurance applies throughout the lease tenure and salary transfer is not stated as mandatory for the displayed route.
• The bank publishes separate lease-transfer/applicant-replacement, partial or advance payment, early payment, and balloon-refinance services.

Hire Purchase-i

CIMB Islamic Bank Berhad

Product type

Islamic hire-purchase vehicle financing

Evidence status

Official fields checked

Checked

2026-09-19

Verified product fields

• CIMB lists Hire Purchase-i as its Islamic auto-finance route with fixed or variable profit options.
• The current product directory publishes a financing margin of up to 90% and a payment tenure of up to nine years.
• CIMB publishes separate fixed-rate and variable-rate Hire Purchase-i Product Disclosure Sheets.
• From July 2026, CIMB states that a fixed-profit reducing-balance method is available under the amended hire-purchase framework, with effective profit-rate disclosure and greater early-settlement savings.
• CIMB separately publishes updated statutory-notice, courier, audit-confirmation, and document-copy charges effective August 1, 2026.

Vehicle Financing-i

Bank Islam Malaysia Berhad

Product type

Shariah-compliant vehicle sale financing

Evidence status

Partial record

Checked

2026-09-19

Verified product fields

• Bank Islam publishes a product-specific Vehicle Financing-i PDS and separately identifies a GradONE package.
• The PDS documents a customer promise to purchase the vehicle and provides for compensation of the bank's actual loss if that promise is breached.
• Before maturity, published late-payment compensation is 1% per annum on overdue instalments until full payment, subject to Bank Negara Malaysia rules.
• After maturity or judgment, the PDS applies the prevailing daily overnight Islamic interbank money-market rate to the defined outstanding or judgment balance.
• The PDS warns that default can lead to written demand for overdue payment from the customer and/or guarantor.

Vehicle Finance

Qatar Islamic Bank Q.P.S.C.

Product type

Shariah-compliant new and used vehicle finance

Evidence status

Partial record

Checked

2026-09-19

Verified product fields

• The current product page says both new and pre-owned vehicles can be financed through QIB's branch or mobile-app routes.
• QIB publishes fixed monthly instalments and states that no guarantor is required, subject to approval.
• The bank states that no administration or processing charge applies to the displayed vehicle-finance route.
• Comprehensive Auto Takaful is presented as part of the product requirements and protection framework.
• Application requires a dealer quotation addressed to QIB; branch applicants also provide salary and identity/residency documents.