Islamic Car Financing in Pakistan: Ijarah vs Diminishing Musharakah vs a Conventional Loan
Banks in Pakistan offer Islamic car financing in two main structures, Ijarah (a lease) and Diminishing Musharakah (shared ownership), alongside conventional car loans. This guide explains in plain words how each is described by the banks, who owns the car, what changes if you pay late, settle early or lose the car, and what to … Read more