INDIA ISLAMIC TWO-WHEELER LEASING WITHOUT RIBA

INDIA HALAL TWO-WHEELER HIRING WITHOUT INTEREST

In India, Islamic two-wheeler leasing without Riba is defined by a way for a Muslim rider to use a scooter, motorcycle or moped through a lease contract instead of a conventional interest-based loan.

Under this approach, the financing arrangement is structured around the asset itself – the bike – rather than a cash loan that accumulates interest. The customer pays rent for the right to use the vehicle, and any profit for the financier comes from that rental or from a transparent mark-up linked to the asset, not from Riba on money.