Bysmillah — halal vehicle financing, ownership, trust, and freedom.

No — and the difference is real, not cosmetic. A bank lends you money and charges interest that compounds over time, no matter what. Here, the price is a fixed markup on an actual asset, agreed and fully disclosed up front. It never compounds, never grows if you're late, and is tied to a real thing being bought and sold — which is exactly what makes trade halal and interest (riba) forbidden.

Bysmillah's contracts are drafted to follow the AAOIFI Shariah standards. No Shariah board or scholar has certified them yet, so we do not call them certified or approved. We are now selecting a Shariah reviewer and a California attorney to review them, and we will name the reviewer publicly once the review is done.

Bysmillah is an introducer. It does not lend money, charge interest, or hold your payment. Buyer and seller pay each other directly, and any late-payment charge goes in full to a charity, never to Bysmillah or the seller.

Until that review is finished, the contracts are drafts. If this matters for your decision, please ask your own scholar to read the contract before you sign.

With both Musawama and Murabaha, you take possession and ownership of the car and bear its risk from the start, and the agreed payments are a debt you owe. The seller keeps the title as security until your last installment is paid or until a lien is registered. Whichever structure the seller chooses, it's spelled out in plain language in the contract before you sign.

You are never charged compounding interest or a growing penalty — that would be riba. If life gets hard, tell us early: the sale agreement lets the seller reschedule your payments for genuine hardship, and a new schedule can never raise your total price or cost you a fee. Repossession is a last resort, and before claiming any shortfall after one, the seller must give up the part of the markup not yet earned.

If an installment is not paid within the grace period in your sale agreement, the Late Payment Charity Undertaking you sign sets a fixed late charge for that occurrence. It is capped in any calendar month and may not exceed a set percentage of the missed installment. The entire late charge is paid to a nominated charity: the seller has no right to keep any part of it, and none of it goes to Bysmillah. It does not increase the Total Sale Price and is not profit to the seller.

During the launch period, Bysmillah charges no fee to any buyer or seller for any transaction. No listing fee, no matching fee, no commission, no subscription, and no percentage of any transaction is payable.

Bysmillah may introduce fees in the future. If it does, it will publish revised terms and give existing users advance written notice, and no fee will apply to a transaction agreed before the change takes effect.

We're starting with vehicles — new or used — for the Muslim community in California during our early beta. Homes, education, and equipment are on the roadmap. If you're outside California, reach out anyway; you'll help us decide where to open next.

Our contracts are standard forms drafted for California law, with Islamic principles in mind. They are forms only: Bysmillah is not a law firm and gives no legal advice. The contract is between buyer and seller — Bysmillah is not a party to it — so get independent legal advice before you sign.

We're here for you personally. During our beta, every user can reach us directly on Telegram or by email, or book a free 30-minute demo with the founder — before, during, and after the deal.