Triple Point provides £75m Shariah-compliant facility to Ayan Capital

Triple Point has arranged a senior Shariah-compliant ijara-based facility of up to £75 million for Islamic car finance fintech Ayan Capital.

The facility will be used to refinance an existing lender and fund new originations as Ayan expands its regulated retail car finance business, which launched in late 2025.

London-based Ayan Capital is FCA-authorised and provides Shariah-compliant car finance to retail and business customers. The company said the new institutional funding arrangement would reduce its cost of funding and support more competitive pricing for eligible customers.

The facility will also support the launch of AyanCare, under which Ayan takes enhanced responsibility for repairs to vehicles it owns.

Ijara model supports car finance growth

Ayan operates an ijara-based financing model, under which it purchases and retains ownership of the vehicle during the rental term. Customers make fixed monthly rental payments agreed at the outset, while Ayan assumes the risks associated with vehicle ownership.

Islamic finance prohibits the payment or receipt of interest and requires financing to be linked to underlying assets, while avoiding excessive uncertainty and speculation.

Ayan combines this structure with technology-led underwriting and targets prime and near-prime customers.

The business was founded by Abdullo Kurbanov, Firdavs Mirzoev and Zuhursho Rahmatulloev, who previously co-founded Alif, a challenger bank operating across Central Asia and Pakistan.

“Ayan pairs an impressive management team with a technology-first platform, providing an excellent customer experience while meeting the growing appetite for Shariah-compliant financial products. We are delighted to support Ayan into its next stage of growth.”

The transaction was led for Triple Point by Anastasia Chernoyarova, director in its specialty finance team.

Ayan targets longer-term UK banking licence

Alongside supporting further car finance originations, Ayan said the facility would help develop the balance sheet, systems and governance required for its longer-term plans, which include seeking authorisation as a UK bank.

Abdullo Kurbanov, CEO and co-founder of Ayan Capital, said: “This facility lowers our cost of funding, which means more competitive pricing for eligible customers.

“It funds the launch of AyanCare, where we take enhanced repair responsibility for the vehicles we own. And it builds the balance sheet, systems and governance that support our long-term ambition to seek authorisation as a UK bank, so we can offer genuinely better financial products across the board.”

Yifan Pu, chief financial officer at Ayan Capital, said the agreement also represented a move from early-stage financing to institutional funding terms.

“This facility takes us off early-stage financing and onto institutional terms, which meant our book, our servicing and our reporting all had to stand up to a partner of this calibre,” Pu said.

“Passing that is worth nearly as much to us as the funding, because it’s the track record the next tier of funding markets wants to see.”