HBL Islamic Car Finance is a musharakah-based facility enabling you to get the car of your dreams.
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.