Category Archives: Motoring

Is Hire Purchase Halal And How Does It Work?

Is Hire Purchase Halal

 

Is Hire Purchase Halal And How Does It Work?

Hire Purchase (HP) is a common way to finance a car purchase, allowing you to spread the cost over a set period instead of paying the full amount upfront. You pay more per month as compared to a PCP deal but there is no balloon payment at the end but is Hire Purchase halal? Continue reading Is Hire Purchase Halal And How Does It Work?

Is PCP Halal And How Does It Work?

 

Is PCP Halal And How Does It Work?

Personal Contract Purchase (PCP) is a popular financing option for buying cars in the UK. It can be a good choice for those who want affordable monthly payments and flexibility at the end of the contract, but it’s important to understand how it works before committing and deciding is PCP halal. Continue reading Is PCP Halal And How Does It Work?