Ayan Capital has added Shariah-compliant car finance to iVendi’s Finance Navigator platform, giving dealers access to halal vehicle funding in a price comparison format alongside mainstream lenders.
The move means rent-to-own finance will now be available through the platform for dealers and customers searching for alternative funding options.
Ayan, which launched in 2024, says it is the UK’s first FCA-authorised halal car finance lender and is targeting a potential UK market of four million Muslims.
Halal finance for dealers
Its motor finance model differs from conventional car finance because the company retains ownership of the vehicle during the lease term while the customer makes monthly rental payments for its use. Ownership is then transferred to the customer at the end of the agreement.
Furkat Suvhanov, COO at Ayan, said: “Seven percent of the UK population is Muslim, and most of them want Shariah-compliant finance. That’s millions of potential customers walking out of showrooms because no one could offer what they needed.
“Now dealers on iVendi can. For consumers, it means a credible halal option is finally available wherever they shop. For dealers, it means they can finally serve a market that’s been waiting.”
Hassan Hamza, director at Hertfordshire-based Reverie Autos, said: “We’re getting deals over the line now that we used to lose. Adding a genuine halal option to our panel has opened up an opportunity for a whole group of customers we couldn’t properly serve before. On top of that, the same-day payouts and seven-day support makes the whole process efficient and hassle-free.”
Broader finance choice
Finance Navigator which is designed for use both online and in the showroom shows monthly payments, indicative finance rates and likelihood of approval, as well as offering pre-approval.
James Tew, CEO at iVendi, said: “A key part of the platform’s appeal for dealers is that it enables them to add lenders to their panel who meet the needs of a wider range of customers, including some who were previously probably not even on their radar.
“This new arrangement with Ayan opens the door to a substantial market that’s been waiting for a compliant halal option for their needs. Over time, we believe it is going to prove a valuable addition to the Finance Navigator portfolio.”
More than a dozen lenders have signed up to Finance Navigator since its launch in mid-2025, with iVendi claiming the platform typically doubles acceptance rates for participating dealers.
Ensure you always receive AM insights. Make us a preferred source of news on Google