INDIA ISLAMIC CAR LEASING WITH NO INTEREST

Islamic car leasing with no interest in India refers to vehicle financing structures that allow a Muslim driver or business owner to use a car without entering into a conventional interest-bearing loan.

In India halal leasing for a vehicle, is instead of borrowing money and paying riba (interest) on the principal, the customer pays for the use of the car through a Shariah-compliant lease contract (ijara) or a lease-to-own model (ijara wa iqtina), where payments are linked to an asset and agreed profit margin rather than a pure interest rate on cash.