Islamic fintech firm Ayan Capital has secured a new financing facility of up to £75 million to fund the next stage of its growth. 

The London-based FCA-authorised company provides Shariah-compliant car finance to UK retail and business customers.

Investment firm Triple Point will provide the financing, which is structured as a senior Shariah-compliant ijara-based facility. Ijara is a form of Shariah-compliant financing based on leasing an asset rather than lending money at interest.

The funding will support the launch of Ayan’s enhanced vehicle care offering, and help it offer more competitive products in the broader Islamic finance space.

Ayan Capital launched its regulated retail product in late 2025. It was founded by Abdullo Kurbanov, Firdavs Mirzoev and Zuhursho Rahmatulloev, who previously co-founded Alif, a challenger bank serving more than 10 million customers across Central Asia and Pakistan.

Ayan’s ijara-based halal car financing model means Ayan purchases and owns the vehicle throughout the rental term, taking ownership risk. The customer makes fixed monthly rental payments agreed at the outset.​​ ​​

By combining technology-led underwriting with a Shariah-compliant financial framework, Ayan aims to make car finance more accessible while maintaining disciplined credit standards.

The institutional facility is also expected to reduce Ayan’s cost of funding, helping it offer more competitive pricing to eligible customers as we grow.

Supporting Ayan’s next stage of growth

Ellis Diamanti, Head of Specialty Finance at Triple Point, said, “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, and congratulations to Anastasia Chernoyarova, Director in our Specialty Finance team, who led the transaction through to completion.”

Abdullo Kurbanov, CEO and co-founder at 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.”

For Ayan, the transaction also validates the infrastructure Ayan has built since launching its regulated retail product.

“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,” said Yifan Pu, Chief Financial Officer at Ayan Capital.