Why Splend's Flexi own plan is considered halal car finance
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If you want to become an Uber driver, but don’t have a car, there is a large array of finance options out there. However, if you’re a Muslim who wants to give ridesharing a go, it’s not always easy to find Islamic car finance among these options. If you’re looking for halal car finance to kickstart your career as a rideshare driver, our Flexi own plan might be what you’re looking for, as it ensures that you can spread the cost of the car without breaking the Sharia rules. Here’s why our Flexi own plan is considered halal car finance.
Payments are fixed, with no interest involved
You basically pay equal amounts each week, which represent payment in advance for the next week. There are no other costs involved. Apart from the car itself, the fixed weekly subscription fee includes a variety of services, with no other main costs:
Service, maintenance, repairs
Maintenance pack (including tyres and brakes)
CTP insurance, loss-and-damage cover
Replacement car after an accident
Full paperwork, including registration and roadworthy certificate
24/7 roadside assistance
Dedicated customer support
Advanced driver training
Clear timeline until you become the owner
The contract you sign when you go on our Flexi own plan contains a clear stipulation about the four-year or five-year finite term by which you have to pay until you become the owner of the car. The total cost of the car you choose is divided into fixed, weekly subscription payments over a span of four or five years, depending on the contract term you choose before signing the agreement, with no interest or other costs.
It’s not a leasing contract
In a leasing plan, you borrow money in order to buy the car and become the owner, which is definitely not halal car finance. In this case, there is no loan. Until all subscription payments have been made by the end of the contract term, Splend remains the owner of the car. In the meantime, you can’t sell or modify the car, because you don’t own it, you’re just paying for the right to use it.
Splend has a large community of Muslim drivers
Many of our customers are hard-working Muslims, who have been looking to earn a flexible income by becoming rideshare drivers. Our growing community is proof of the respect that both Splend and its customers have for Islam, and should give you the confidence to be a part of it and start boosting your income.
About Splend
We enable people to make money by driving for on-demand apps such as Uber. We’re more than a car subscription provider. In addition to new-model cars and all the essentials to start earning money with Uber as quickly as possible, our customers enjoy driver training and dedicated support, as well as customer benefits such as partner discounts and exclusive events. For more information about Splend, make an appointment and drop by to your local Splend Hub, email us, or say hello on 1800 775 363.