Triple Point backs Ayan Capital with £75M Shariah-compliant facility
What's the deal? Triple PointDealroom has a profile for this one. Try Dealroom → has arranged a £75 million Shariah-compliant debt facility for Ayan CapitalDealroom has a profile for this one. Try Dealroom →, a London-based fintech offering Islamic car finance. The senior facility is structured as an ijara-based agreement, letting Ayan refinance an existing lender and fund its next growth phase.
How it works: Rather than charging interest, the ijara model requires products to be asset-backed and free from speculative risk. Ayan buys and owns each vehicle throughout the rental term, taking on the ownership risk, while customers pay fixed monthly rentals agreed at the outset.
What's the endgame? The facility lowers Ayan's cost of funding, supporting more competitive pricing for prime and near-prime customers often overlooked by mainstream UK lenders. It also funds AyanCare, under which Ayan takes enhanced repair responsibility for vehicles it owns.
Ayan, authorised by the Financial Conduct Authority (FCA), launched its regulated retail product in late 2025. It was founded by Abdullo Kurbanov, Firdavs Mirzoev, and Zuhursho Rahmatulloev, who previously co-founded AlifDealroom has a profile for this one. Try Dealroom →, a challenger bank serving more than 10 million customers across Central Asia and Pakistan.
In their words: "This facility lowers our cost of funding, which means more competitive pricing for eligible customers," said Kurbanov, chief executive officer and co-founder. He added that it builds "the balance sheet, systems and governance that support our long-term ambition to seek authorisation as a UK bank."
Who's backing it: Triple Point is an investment manager focused on private markets, with a specialty finance team that provides capital to non-bank lenders and fintechs needing bespoke funding structures to scale.
The signal: Institutional backing at this scale is a notable step up for an ethical, asset-backed lending model, and points to growing appetite for Shariah-compliant finance within UK fintech.
Image credit: Generated with Gemini
