What our contracts are measured against

A loan earns because time passes. A trade earns on goods. We buy the vehicle and resell it; our margin is set once and never recalculated — not even on late payment.

We must actually own the vehicle before selling it to you, and carry its risk during that time. Without that step the contract would be a loan under another name. So we acquire first and sell afterwards.

Price, margin, term, instalment and total all appear in the contract before you sign. None of them depends on a later event. A contract with open quantities is impermissible whatever it is called.

If payment is late we do not increase what is owed. This is where a compliant contract differs most visibly from a loan — and the point worth checking before signing anything.

Where available we work with takaful cover. Where it is not, we say so and name the conventional alternative rather than sidestepping the question.

A sharia board and independent certification are planned and not yet in place. We will publish names and opinions as soon as they exist — until then we claim no religious endorsement we do not hold. [Board not yet appointed]