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Islamic Apni Car Finance (DM-Consumer)

There’s nothing like a car of your own!

AL Habib Islamic Apni Car is an auto finance facility that lets you buy a car through Shariah-compliant mode of Diminishing Musharakah (DM). With affordable plans to suit your convenience, the facility is a quick and easy route to own a car. Enjoy the ride like never before.

The facility is based on Shirkat ul Milk. Under the facility, Bank and customer jointly own the vehicle. After assuming the ownership and possession of vehicle, bank rents outs its share of ownership to customer. Bank share of ownership is divided into units and customer undertakes to purchase the bank share of ownership, periodically.

Enjoy the exclusive benefits

Shariah compliant solution for auto financing
Shariah compliant solution for auto financing
Financing available for Locally Manufacturer New & Used Vehicles
Financing available for Locally Manufacturer New & Used Vehicles
Financing up to 7 years (Financing for 6-7 years is only for locally manufacturer brand new KIA Picanto and Suzuki vehicles up to 1000cc)
Financing up to 7 years (Financing for 6-7 years is only for locally manufacturer brand new KIA Picanto and Suzuki vehicles up to 1000cc)
Easy monthly installments
Easy monthly installments
Easy documentation with hassle-free processing
Easy documentation with hassle-free processing
Low and competitive rental payments
Low and competitive rental payments
No rental payment before delivery of Car
No rental payment before delivery of Car
Vehicle registration in your name
Vehicle registration in your name
Early settlement/purchase option
Early settlement/purchase option
No Pre-payment penalty
No Pre-payment penalty
Partial payments allowed with no charges
Partial payments allowed with no charges
Comprehensive Takaful coverage with Tracker option
Comprehensive Takaful coverage with Tracker option
Ijarah/DM facility for Corporate and SMEs also available
Ijarah/DM facility for Corporate and SMEs also available
Free Personal Accident Takaful upto Rs. 500,000/-
Free Personal Accident Takaful upto Rs. 500,000/-
Choice of reputable insurance companies at competitive rates
Choice of reputable insurance companies at competitive rates
Free Internet Banking
Free Internet Banking
Free E-Statement
Free E-Statement
Mobile Banking and SMS Alerts facility
Mobile Banking and SMS Alerts facility

Who can apply for Bank AL Habib Islamic ApniCar Auto Finance

  • Pakistani Nationals

  • Account holder of any Bank

  • Salaried person, Businessman or Self-employed

  • Individuals having other source of income i.e. Remittance, Rental, Pension or Investments may also apply if they maintain satisfactory account at Bank AL Habib

Visit your nearest branch

  • Our highly trained executives will take care of your financing requirements

  • The only thing you need to worry about is choosing the car and its colour

Documents Required

  • Salaried Individual
    • Two recent photographs
    • Copy of Computerized / Smart National Identity Card (CNIC / SNIC)
    • Proof of Permanent/Regular employee and 1 Year working experience
    • Proof of 2 Years working experience for Contractual Employees
    • Last 3 months salary slip/salary certificate
    • Bank statement of last 6 months with reflection of salary credits
    • Two recent photographs
    • Copy of Computerized / Smart National Identity Card (CNIC / SNIC)
    • Acceptable proof of business
    • Bank statement of last 6 months

Frequently Asked Questions

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