What kind of cars do you have?

Whether you want an electric, plug-in hybrid, or other fuel type, whether you want a 7-seater or an executive car, any type of vehicle used for PHV, PCO, or business purposes is eligible for financing from us. We don’t carry an inventory ourselves, which is better for you because you have the widest choice. Once we confirm the financing for you, you can choose a vehicle from any reputable dealership in the UK. You can negotiate the price directly with the dealership, knowing that you are in a position of strength with our financing behind you. And, since we don’t have to make upfront investments into the showrooms, the garages, the mechanics and the inventory, we don’t have all those overhead costs, and we pass those savings to you.

Is the financing halal?

It is, indeed. Let’s look at the basics of this contract from the Shariah angle. We buy the car, own it, and rent it to you. Your payments are not interest payments; you are paying rent like you would rent your house. Once the contract ends, we will sell the vehicle to you under a separate contract. As noted previously, your rental payments are calculated so that with every rental payment, part of that goes towards your car ownership. For us, being halal is not a marketing gimmick. It is a matter of internal principles – we either do things in a Shariah-compliant way or do not operate at all. Our services are open to everyone, and we want our clients to come to us not just because we are halal but because we provide better service.

Is this just a rent-to-buy agreement?

A rent-to-buy is reasonably close, but a Shariah-compliant rent-to-buy agreement needs to have some additional essential elements. Please read the AAOIFI Standards 9 for more details. AAOIFI standards are internationally recognised Islamic finance principles used by Islamic banks worldwide. We are also fully certified by Shariah scholars. Please see our certificate here

How long will it take for me to be approved and get the car?

From the moment we receive a complete application, we target to make a final decision within 2 business days. If our client is approved, they usually quickly find the car they want us to purchase. When the client tells us what car they have chosen, we target to complete all the paperwork and hand over the keys to the client in another 1-2 business days. All in all, if the client has made up their mind about the car, the entire process should take no more than 3-4 business days.

Will I keep gaining a No Claims Bonus (No Claims Discount) with your Insurance?

Yes, you will. Our approach isn't fleet insurance; instead, the insurance is fully tailored to you, and you will keep accumulating no claims bonuses as you drive. And you will save with us on your insurance. Ayan has negotiated wholesale prices for our clients, resulting in significant savings on insurance premiums. Give it a go and see for yourself.

Can I use my insurance?

To ensure that the Ijara is entirely Shariah-compliant, we have to pay for the insurance on our side. We will pay for the insurance at the start of each year, and we adjust the weekly rental payments to include this amount and our cost of financing it. We include insurance coverage by partnering with one of the largest insurers in the PHV, PCO insurance industry. The insurance is tailored to you, and you will keep gaining a No Claims Bonus (No Claims Discount). As noted in the previous question, you will save with us on the insurance policy, and we encourage you to give it a go and compare the prices.

Privacy Policy

1. Introduction

We recognise the importance of privacy and the protection of your personal information. As a trusted firm, we are committed to ensuring the security and confidentiality of the information you entrust to us.

This Privacy Policy has been put in place to inform you about how we collect, use, and safeguard your personal information while providing our services and enhancing your experience on our website. We believe in transparency and want you to feel confident that your information is in safe hands.

We would like you to carefully review this policy to understand how we manage your personal information. If you have any questions about how we collect, store, or use your information, or you would like to update the information we hold about you, you may contact us by:

Post: 20 Wenlock Road, London, N1 7GUOr phone: +44 204 520 7473Or email: info@ayancapital.co.uk

We keep our privacy policy under regular review. This privacy policy was last updated in October 2023.

1.1. About us

Ayan Capital LTD is a company registered in England and Wales under registration number 15123809.

Our registration number with the Information Commissioner’s Office is ZB613240.

To simplify matters within this notice, references to ‘we’, ‘us’ and ‘firm’ mean Ayan Capital LTD.

1.2. Third-party links

Our website may contain links to other websites that are not operated by us. If you click on a third-party link, you will be directed to that third-party’s site. We strongly advise you to review the Privacy Policy of every site you visit.

We have no control over and assume no responsibility for the content, privacy policies or practices of any third-party sites or services.

2. The type of personal information we collect

We currently collect and process the following information:

Identity Data includes your full name, date of birth, gender, nationality and National Insurance number.
Proof of identity includes photo or copy of the following documents: driving licence, ID card, passport, residence permit and utility bills.
Contact Data includes email, phone, and home address and in some cases, we can ask for the contact info of your friends or relatives.
Profile Data includes your username and password, your feedback and survey responses.
Transaction Data includes details about payments to and from you and other details of products and services used by you.
Financial Data includes:
- Bank details and information on your transactions are provided to us by your bank when you link your bank account to our platform.
- Your credit rating and credit history are provided to us by a Credit reference agency.
Driving history Data includes driving licence number, DVLA check code, private hire licence number and a list of vehicle registrations that you have driven for the past 3 years
Technical Data includes internet protocol (IP) address, your login data, browser type and version, time zone setting, operating system and platform.

We do not collect any special categories of personal information about you, this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health, and genetic and biometric data.

3. How do we get personal information and why do we have it

3.1. Personal information collecting

3.1.1 Direct interactions

You may give us your Identity, Contact and Financial Data by filling in forms or by corresponding with us by post, phone, email or otherwise. This includes personal information you provide when you:

apply for our products or services;
create an account on our website;
subscribe to our service or publications;
request marketing to be sent to you;
enter a competition, promotion or survey;
give us feedback or contact us.

3.1.2 Automated technologies or interactions

As you interact with our website, we will automatically collect Technical Data about your equipment, browsing actions and patterns. We collect this personal information by using cookies, server logs and other similar technologies.

3.1.3 Third-party or publicly available sources

We may receive personal information about you from third-party and public sources.

Credit reference agencies: we will supply your personal information to credit reference agencies (CRAs) and they will give us information about you, such as your financial history. We do this to assess creditworthiness and product suitability, check your identity, manage your account, trace, and recover debts and prevent criminal activity.

Open banking providers: to score your creditworthiness we ask you to link a bank account, this will give us access to your bank account transaction history. We use this information only for our application process and do not share it with third-parties.

DVLA details: we use your driving licence number and national insurance number to obtain your driving licence information from DVLA. We need this information for the application processing and share this data with our insurance broker to determine the insurance premium rate.

3.2. Use of personal information

We can use your personal information differently, and it depends on the situation when you apply to us. Please see the table below where we have provided the information on how we use your personal information and what lawful bases we rely on for processing this information.

When and from whom we collect personal information	The type of personal information	How and why, we use your personal information	Legal basis for collecting the personal information
First time user, who is looking for financing but did not apply for finance yet	Identity data, contact data, profile data, technical data	We may use personal information: to provide marketing materials, promotional offers, and relevant product information. to analyze it to improve our services, enhance customer experience, and tailor our offerings to better meet the needs of our clients. to do a soft credit check with no impact on your credit score.	Your consent. You are able to remove your consent at any time. You can do this by contacting us, please see our contacts in introduction part of the policy
The client which applied for finance and did not sign an agreement with us	Identity data, proof of identity, contact data, profile data, transactional data, financial data, driving history data, technical data	Application processing: we use the provided information to conduct background checks that are mandatory for our credit score evaluation process before we sign an agreement. Determine the insurance premium rate: we use your personal information to determine the insurance premium with our insurance company partner. Sing an agreement: we use your information to conduct and sign an agreement with you. Communication and Service Delivery: personal information is used to communicate with you regarding the application process and relevant information. Improvement of Services: we may analyze personal information to improve our services, enhance customer experience, and tailor our offerings to better meet the needs of our clients. Marketing and Promotions: with explicit consent, we may use personal information to provide marketing materials, promotional offers, and relevant product information. Legal Compliance and Security: personal information is used to fulfill legal and regulatory obligations. This includes preventing fraudulent activities, complying with legal requests, and maintaining the security of our systems and services.	Your consent, legal and pre-contractual obligation
Active client with contract-based relationship with us	Identity data, proof of identity, contact data, profile data, transactional data, financial data, driving history data, technical data	Communication and Service Delivery: personal information is used to communicate with you regarding financing agreements, updates, and relevant information. Additionally, we use this information to deliver services, facilitate payments, and provide necessary documentation. Receive payments: we use your bank detail when taking payments from you and we also, share them with our Direct Debit provider.	Legal and contractual obligation
The candidate applied for a job	Identity data, contact data, technical data	Communication: personal information is used to communicate with you regarding your application and relevant information. Sing an agreement: we use your information to conduct and sign an agreement with you. Legal Compliance and Security: personal information is used to fulfill legal and regulatory obligations. This includes preventing fraudulent activities, complying with legal requests, and maintaining the security of our systems and services.	Your consent, legal and contractual obligation

If you do not provide your personal information

If we are required by law or by our contract with you to collect personal information, and you do not provide that information when requested, we may be unable to fulfil the contract we have with you. This could result in the cancellation of a product or service you have with us. However, we will inform you if this is the case at the time.

3.3 Disclosures of your personal information

We may share your personal information with third-party:

Open banking providers and Direct Debit providers – to score your creditworthiness and process any payments made by you to us share your bank details with our providers.
Insurers and claims processors – we use your personal information:
- to determine the insurance premium with our insurance company partner;
- to deal with any accidents or vehicle issues that our customers face.
Vehicle servicing, maintenance, and repair organizations – to ensure that the vehicles that you are driving are roadworthy.
Car warranty providers — to provide a car warranty, we share your contact data with our car warranty provider.
GPS Vehicle Tracking provider - once we sign the Ijara wa iqtina agreement with you, we share your contact data with our GPS vehicle tracking provider to arrange the installation of the GPS tracking device on the car.
Professional advisers – for our business purposes, we may need to engage with professional advisers such as law firms, banks, and accountancy firms who may require access to your personal information.
Regulators and other governmental authorities – to comply with a law we may need to provide information, and this can include your personal information too.
Credit reference agencies – to process your application, we will supply your personal information to credit reference agencies, and they will give us information about you, such as your financial history. We will also continue to exchange information about you with CRAs on an ongoing basis, including your settled accounts and any debts not fully repaid on time. CRAs will share your information with other organizations.
Fraud Prevention Service (CIFAS) — the personal information we have collected from you will be shared with fraud prevention agencies who will use it to prevent fraud and money-laundering and to verify your identity. If fraud is detected, you could be refused certain services, finance, or employment. Further details of how your information will be used by us and these fraud prevention agencies, and your data protection rights, can be found by www.cifas.org.uk/fpn
Vehicle buyer – if we sell the vehicle which you rent (in case of early termination or repossession) we may disclose your personal information to the buyer of the vehicle.
IT providers – cloud software system providers, including database, email sender and SMS sender providers

We do not sell your personal information or transfer it anywhere else other than the above.

4. How we store your personal information

When you provide us with your personal information, we take all necessary steps to ensure that it is handled securely. We have implemented policies and procedures to safeguard your information from any kind of loss, misuse, and unauthorized access. Additionally, we have procedures in place to deal with any suspected personal information breach and will notify you and any applicable regulator of such a breach where we are legally obligated to do so.

Our policy is to keep your personal information only for as long as it is required to meet the purposes for which it was collected. This includes fulfilling any legal, accounting, regulatory, or reporting obligations. We do not keep personal information for more than seven years after the relationship has ended unless required by law or regulation.

5. Your data protection rights

Under data protection law, you have rights including:

Your right to erasure - You have the right to ask us to erase your personal information in certain circumstances.

Your right to restriction of processing- You have the right to ask us to restrict the processing of your personal information in certain circumstances.

Your right to object to processing - You have the right to object to the processing of your personal information in certain circumstances.

Your right to data portability - You have the right to ask that we transfer the personal information you gave us to another organization, or you, in certain circumstances.

You are not required to pay any charge for exercising your rights. If you make a request, we have one month to respond to you.

If you wish to make a request, please contact us by details provided in the Introduction section of this Policy.

6. Cookies

You have the option to configure your browser to reject all or some of the cookies that websites set or access. If you choose to disable or refuse cookies, please be aware that certain sections of this website may not function correctly or be accessible. For further information about the cookies that we use, please refer to our Cookies Notice.

7. How to complain

If you have any concerns about our use of your personal information, you can make a complaint to us by

Post: 20 Wenlock Road, London, N1 7GU

Or phone: +44 204 520 7473

Or email: info@ayancapital.co.uk

You can also complain to the ICO if you are unhappy with how we have used your data.

The ICO’s address:

Information Commissioner’s Office

Wycliffe House

Water Lane

Wilmslow

Cheshire

SK9 5AF

Helpline number: 0303 123 1113

ICO website: https://www.ico.org.uk