This hire purchase service can be practiced either in the conventional way or in the Islamic way whereby we decide to focus on Islamic hire purchase. In essence, the features of both products are quite similar. The differences between the two are as noted below: AITAB Car Financing follows the Shariah principle as well as the spirit of the HPA while conventional hire purchase follows only the HPA. The financing for AITAB is sourced from permissible (Halal) funds while the conventional hire purchase has no limitation of its sources funds. Different usage of terms such as: Conventional Islamic L
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