Why Splend Flexi Own is Considered Halal Car Finance

If you want to become an Uber driver but don’t own a car, there are several finance options available. However, finding a halal car finance solution that aligns with Sharia principles can be challenging, especially for PCO drivers looking for a flexible path to car ownership.

At Splend, our Flexi Own subscription plan offers a transparent, interest-free alternative that allows you to own a car in a way that complies with Islamic finance principles.

Here’s why Flexi Own is considered a halal car finance option for PCO drivers.

Payments are fixed, with no interest involved

With Flexi Own, you pay a fixed weekly amount, which covers your car subscription and essential services. There are no interest charges or hidden fees, ensuring complete transparency.

Your weekly payment includes:

✔ Servicing, maintenance, and repairs
✔ Tyres and brake replacements
✔ PHV insurance, loss-and-damage cover
✔ Replacement car after an accident
✔ Road tax, MOT tests, and PCO inspections
✔ 24/7 roadside assistance
✔ Dedicated customer support
✔ Access to exclusive Splend driver training

Unlike traditional PCO car finance, where additional costs like insurance and servicing can add up, everything is included in one simple weekly payment.

A Clear Ownership Timeline

Flexi Own follows a clear, structured path to ownership, with no uncertainty or financial speculation.

✔ Choose a four- or five-year term
✔ Make fixed, interest-free weekly payments
✔ At the end of the term, own your vehicle outright

Since you are paying in advance for the right to use the car, rather than borrowing money to finance it, there is no element of riba (interest), making it fully compliant with halal finance principles.

Not a Leasing or Loan Agreement

Traditional leasing or car finance often involves borrowing money and paying interest (riba) which is not Sharia-compliant. With Flexi Own, there is no borrowing or financing involved.

✔ Until the full term is completed, Splend remains the legal owner of the car
✔ You don’t take out a loan, you simply pay to use the car until it’s fully yours
✔ There are no penalties or early repayment fees if you choose to own sooner

Since you are not borrowing money or repaying debt, Flexi Own is a fully halal alternative to car finance.

A Community of Muslim Drivers at Splend

We understand the importance of finding a financially and ethically suitable option for PCO driving. That’s why we’re proud to have a strong community of Muslim drivers who have chosen Splend for their PCO car subscription needs.

Many of our Splend team members are also Muslim, and if you have any questions about how Flexi Own aligns with halal finance principles, our team is more than happy to chat and guide you through the process.

With Flexi Own, you can confidently drive, knowing that your path to car ownership is aligned with your values.

About Splend

At Splend, we believe in drivers. We know their vehicles need to work harder than most; that they drive more miles than most; that their insurance is hefty; their maintenance costs high and that they can face unreasonable finance rates – which is a heavy load to carry on their own.

That’s why at Splend, we exist to support rideshare drivers with a new model, that takes all those car ownership costs, and provides them for less, with lower purchase prices, better rates, lower servicing and insurance costs – all for one weekly repayment, all in one place.