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 Rent to 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 Rent to own is considered halal car finance:
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 fee includes a variety of services, with no other main costs:
The contract you sign when you go on our Rent to own plan contains a clear stipulation about the 4-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 payments over a span of 4 years, with no interest or other costs.
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 payments have been made by the end of the 4-year 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.
Many of our members 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 members have for Islam, and should give you the confidence to be a part of it and start boosting your income.
We enable people to make money by driving for on-demand apps such as Uber.
We’re more than a car rental company. In addition to new-model cars and all the essentials to start earning money with Uber as quickly as possible, our members enjoy driver training and dedicated support via a personal account manager, as well as member benefits such as partner discounts and exclusive events.