How the Structure Works on a New Car
One Agreed Price
The vehicle is sold to you at one agreed price under a Murabaha arrangement, or leased to you toward ownership under Ijarah. Either way, there is no interest in the math.
Rates Elsewhere Do Not Touch It
Because the price is fixed, a change in the Bank of Canada rate does not touch your payment. What you agree to in the showroom is what you pay for the length of the term.
Any Dealership in the City
You pick the vehicle. New pickups, new SUVs, new sedans, any Edmonton dealer.
A Schedule You Can Plan Around
You see every payment and every date before you commit to anything.
What You See Before You Commit
The vehicle price. Your monthly amount and the number of payments. The term length. Every fee, listed, not buried. If a line is not clear, it gets explained before anything is signed.
A new vehicle costs more up front and holds a longer term, but you get the full factory warranty and no history to check. If you are weighing it against a lower price tag, read Used Car Halal Financing and compare.
How Halal Financing Works →New Car FAQ
Can I finance any new vehicle in Edmonton?
In most cases yes. You choose the vehicle and the dealership. We structure the purchase around it. Availability depends on the vehicle.
Is a down payment required?
Usually yes. The amount depends on the vehicle price and your file.
Does my credit score matter?
It is one factor we look at. This is not credit repair. Plenty of people with average credit still get approved.
Stop Paying Interest on a Car You Don't Own Yet
Answer a few quick questions and see your interest-free options. 60 seconds, no cost, no obligation.
See If You QualifyOr call 587-401-2230. Someone picks up.