Shari’ah Operating rental and car maintenance packages
Get reliable, Shari’ah car rental solutions and full maintenance packages for your business.
Some of the benefits
Low risk
Rent without taking on the risk or responsibility of car ownership or maintenance
Fixed cost
Know your rental costs upfront – rental prices will only change should there be a change in the Islamic Financing rate
Flexible
Amend the contract rental period, or the mileage travelled at any time
Tax benefits
Claim back VAT on the maintenance or rental amount of selected vehicles
What you get
- A fully inclusive finance and maintenance package without the additional responsibilities of ownership
- Rent the car for a specified period (months) and distance (kilometres)
- Get volume discounts on car prices
- Pay a single amount, which includes car rental and maintenance
- Contracts are flexible, and you can amend them as your business changes
- The bank retains ownership of the cars
- Claim back the full VAT amount on the monthly rental of light delivery and commercial vehicles
- Claim back the VAT on the maintenance portion of passenger vehicle contracts
View Full Maintenance Rental Shari'ah Banking Certificate
View Operating Rental Shari'ah Banking Certificate
How to get it
- Speak to your Relationship Manager
- Contact Fleet Management by email at [email protected]
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What you get
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How to get it
- A fully inclusive finance and maintenance package without the additional responsibilities of ownership
- Rent the car for a specified period (months) and distance (kilometres)
- Get volume discounts on car prices
- Pay a single amount, which includes car rental and maintenance
- Contracts are flexible, and you can amend them as your business changes
- The bank retains ownership of the cars
- Claim back the full VAT amount on the monthly rental of light delivery and commercial vehicles
- Claim back the VAT on the maintenance portion of passenger vehicle contracts
View Full Maintenance Rental Shari'ah Banking Certificate
View Operating Rental Shari'ah Banking Certificate
- Speak to your Relationship Manager
- Contact Fleet Management by email at [email protected]
Shari'ah Banking certificates
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We also offer
Shari’ah Forward Exchange Contracts (FEC)
The first Shari’ah-compliant FEC in South Africa to be contracted under the ISDA (International Swaps and Derivatives Association) Tahawwut Framework. This product allows you to hedge out your real foreign exchange (FX) risks in a Shari’ah-compliant manner.
Shari'ah Merchant Capital Cash Advance
Merchant Capital is a leading provider of alternative working capital solutions to SMEs in South Africa, having assisted thousands of retail businesses with millions in funding. A Shari'ah-compliant option is now available.