Ayan

Ayan uses an Ijara wa Iqtina (lease-to-own) structure. The firm buys the vehicle and retains ownership throughout the lease; the client pays rent and a capital contribution. At the end of the term, a separate Sale & Transfer agreement moves ownership to the client. Unlike conventional hire purchase regulated as an interest-bearing credit agreement, Ayan's model is Sharia-compliant: it contains no riba (interest) and no gharar (speculative uncertainty).

Ayan is audited for Shariah compliance by Alhamd Advisory. The compliance framework is benchmarked against AAOIFI standards, which are the widely recognised accounting and governance standards for Islamic financial institutions globally.

Ayan does not hold inventory. Clients select a vehicle from over 8,000 dealerships across the United Kingdom. Once the client is approved, Ayan pays the dealer directly, after which the client collects the car.

Ayan serves three primary segments: small-to-medium enterprises financing fleet vehicles, private-hire drivers working through platforms such as Uber, Bolt and FreeNow, and professional chauffeurs sourcing premium vehicles. The financing terms are structured to accommodate the cash-flow patterns of each segment, including weekly payment options for gig-economy drivers.

When automatic income confirmation is not possible, Ayan uses secure Open Banking connections to verify income. The connection is read-only — Ayan does not see or store login credentials and cannot move money in the client's account — and is used solely to assess what the applicant can comfortably afford.

At the end of the lease term, provided the client has met all Ijara obligations, a separate Sale & Transfer agreement is signed to legally transfer vehicle ownership. No additional payment is required at that point because the capital element has been accumulated during the rental period.

Yes. Ayan's product is offered to all UK residents in England, Scotland and Wales. The firm notes that many non-Muslim clients choose its finance because of the transparent, fixed terms and the absence of early-settlement penalties, which can make it more competitive than certain conventional products.