Ayan Capital secures up to £25m from Partners for Growth to expand halal financing
The funding from Partners for Growth will accelerate technology development and portfolio expansion.
Share allotment filed at Companies House
A UK-based fintech providing Shariah-compliant vehicle financing and ethical financial services.
Ayan Capital has secured up to £25m in Shariah-compliant funding from Partners for Growth. The capital will be deployed to accelerate growth, enhance underwriting technology, and expand its halal financial services beyond vehicle lending.
Operating in the UK used car finance market, the company utilises a commission-free, tech-first model based on Ijara wa Iqtina principles. Alongside vehicle financing, it recently introduced Ayan Pay, offering interest-free financing for home and car repairs.
The investment follows a period of rapid expansion, with the firm doubling its financing issuance in the latest quarter while maintaining a zero non-performing loan rate. Ayan Capital ultimately aims to secure a UK banking licence.
From the founder
"We are grateful for the trust and support of the PFG team. Our mission is to make halal financing more accessible in every way – cost, technology, and customer experience. Choosing a halal option should not mean paying more. While we are still at the beginning of our journey, we are wholeheartedly committed to building a financial system that is open to all – one that is not only halal but also more competitive, convenient, and innovative than conventional alternatives."
Abdullo Kurbanov
Co-founder and CEO at Ayan Capital
Investor perspective
"Ayan Capital is redefining what Islamic finance can look like in a modern, tech-enabled ecosystem. Their strong traction, disciplined underwriting, and commitment to financial inclusion closely align with PFG’s mission to support founders building next-generation financial infrastructure. We’re proud to support Ayan as they scale access to Shariah-compliant products across the UK and beyond."
Armineh Baghoomian
Co-Head of Fintech, Partners for Growth
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Categories
About the company
Ayan Capital
Ayan Capital provides tech-driven halal vehicle financing and ethical financial solutions.