Ayan Capital - UK's First Shariah-Compliant Approved Finance
Ayan Capital - UK's First Shariah-Compliant FCA Approved Consumer Finance Company
Ayan Capital has just secured its license from the UK's Financial Conduct Authority to offer Shariah-compliant consumer finance. This move could reshape the retail car market by introducing more inclusive and morally driven finance options suitable for Muslim car buyers.
About Ayan Capital
Founded in 2023 by Abdullo Kurbanov, Firdavs Mirzoev, and Zuhursho Rahmatulloev – the team behind Alif Bank, Ayan Capital is a fintech startup building a tech-driven Halal finance ecosystem. Originating in Central Asia, Ayan today offers Shariah-compliant vehicle finance in the UK. The USP is Shariah-compliant auditing, automated, data-led underwriting process, allowing for rapidly precise decisions, and a completely digital operating model. The result is a modern, values driven alternative to conventional credit. Recently authorised by the FCA for consumer credit, they look towards applying for a banking license, to expand into a suite of Islamic financial services. Ayan Capital is headquartered in Paddington, London and operates across the UK.
What This Means for Car Buyers
With Ayan Capital stepping into the retail market, customers now have more choices for car finance, especially those seeking to balance ethical views with modern day life. The company has been successful in the business-to-business segment, providing finance solutions to private hire drivers in the UK. Now, retail customers can benefit from their tech-driven, ethical finance processes.
This development is significant because the demand for Islamic finance is growing. A large portion of the UK’s Muslim population prefers such solutions but has been underserved in the past. In fact, surveys suggest that up to 3.52 million Muslims in the UK would opt for Islamic banking if available. Non-Muslims are also showing interest, with around 30% willing to consider Islamic finance products.
The Next Steps
The Car Co are a family-owned Muslim business who will be looking into Ayan Capital to provide our customers with more ethical financing options in the future.
Would you like to see more ethical financing such as Ayan Capital added to our list of finance brokers? Let us know on our Instagram @thecarco1.
Want to know more about Ayan Capital? View their website: Halal Car Finance | Islamic Car Finance in the UK - Ayan