Drive Your Dream Car with Confidence in Shariah Principles

Looking to purchase your own car in a Shariah-compliant way?
With IFIC Islamic Auto Finance (HPSM IFIC Auto Finance), you can own your dream vehicle — brand-new or reconditioned — through an ethical and transparent financing process that aligns with Islamic principles.

Based on Hire Purchase under Shirkatul Meelk (HPSM), you and IFIC Bank jointly own the car at the start. With each payment, ownership gradually transfers to you until you become the sole owner.

What You Can Use It For

• Buy a brand-new car for personal use
• Purchase a reconditioned vehicle
• Finance your car through a fully Shariah-compliant structure

Finance Amount

• Minimum: BDT 5,00,000
• Maximum: BDT 60,00,000

Tenure

• Minimum: 12 months
• Maximum: 60 months (5 years)

How It Works

• IFIC Bank and you co-own the vehicle.
• You pay fixed monthly rentals (cost + profit).
• Ownership transfers fully to you after all payments.
• 100% interest-free and transparent.

Eligibility

• Bangladeshi citizen
• Account holder of IFIC Bank
• Property in own name
• Reside at current address for at least 6 months
• Experience: 1 year (salaried) or 2 years (others)

Why Choose IFIC Auto Finance

• Shariah-compliant, ethical and transparent
• Flexible tenure up to 5 years
• Quick approval and simple documentation
• Full ownership at the end of the term

Apply Now

Enjoy the freedom of your own car through Shariah-based auto finance from IFIC Islamic Banking.
Visit your nearest branch or uposhakha to learn more.