Islamic Car Finance

GPTKB entity

Statements (43)
Predicate Object
gptkbp:instanceOf Financial Product
gptkbp:alternativeTo Conventional Car Loans
gptkbp:basedOn gptkb:Sharia_Law
gptkbp:compatibleWith AAOIFI Standards
Islamic Finance Principles
gptkbp:documentation Ijara Agreement
Murabaha Agreement
Musharaka Agreement
Sharia Compliance Certificate
gptkbp:downPaymentRequired Yes
gptkbp:earlySettlement Permitted
gptkbp:feature Asset-Backed Financing
No Interest Charged
Shared Ownership Options
Transparent Pricing
https://www.w3.org/2000/01/rdf-schema#label Islamic Car Finance
gptkbp:latePaymentPenalty Charity Donation
gptkbp:offeredBy Islamic Banks
Islamic Financial Institutions
gptkbp:ownershipTransfer End of Term
Upon Final Payment
gptkbp:prohibits gptkb:Interest_(Riba)
gptkbp:purpose Vehicle Lease
Vehicle Ownership Transfer
Vehicle Purchase
gptkbp:region gptkb:Indonesia
gptkb:Malaysia
gptkb:Middle_East
gptkb:Pakistan
gptkb:Southeast_Asia
gptkb:United_Kingdom
gptkbp:regulates Central Banks
Sharia Boards
gptkbp:requires Sharia Compliance Certification
gptkbp:riskSharing Yes
gptkbp:targetMarket Muslim Consumers
gptkbp:targetUser Businesses
Individuals
gptkbp:uses gptkb:Ijara
gptkb:Murabaha
Musharaka
gptkbp:bfsParent gptkb:Islamic_Banking
gptkbp:bfsLayer 8