MM
“Empowering Halal Mobility: Shariah-Compliant Vehicle Ownership for All”
MM
Dealers/
Sellers
Buyers
Investors
Virtual Bike/Car
Money
Bike/Car Money
% markup
On EMI
Problem
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30M [15% salaried class muslims] of Indians are underserved due to non-halal finance.
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Traditional loans = Riba = haram.
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Unorganized players dominate, charging hidden fees & no post-sale services
Solution
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We facilitate vehicles financing using Murabaha at fixed markup.
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EMI-based, interest-free model.
Product Snapshot
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Buyer-facing app + Dealer dashboard
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Loan approval flow → Vehicle selection → Contract signing → EMI payments
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AI-based scoring to minimize risk, Initially to only salaried class with auto debit of EMI.
How It Works (Murabaha Flow)
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We listed Vehicles on our platform from dealers on a markup of 25%.
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Sell to buyer for ₹125 , if the dealer price is ₹100 (fixed, no interest)
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Buyer pays ₹2.08 x 60 months (or similar)
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Ownership transferred at start, hypothecated until paid.
@10%. Markup@25%
| EMI | ₹2,125 | ₹2,083 |
| Total Paid | ₹1,27,500 | ₹1,25,000 |
| Extra Paid (Interest/Markup) | ₹27,500 | ₹25,000 |
| Difference | +₹2,500 saved |
📊 Financial Comparison: Loan vs Markup
Case 1: ₹1,00,000 Vehicle
Case 2: ₹10,00,000 Vehicle
@10%Markup @25%
| EMI | ₹21,250 | ₹20,833 |
| Total Paid | ₹12,75,000 | ₹12,50,000 |
| Extra Paid (Interest/Markup) | ₹2,75,000 | ₹2,50,000 |
| Difference | +₹25,000 saved |
📈 Business Revenue Model
Revenue From 500 Vehicles Per Year
MetricValue
| Average Vehicle Cost | ₹5,00,000 |
| 25% Markup Per Vehicle | ₹1,25,000 |
| Total Revenue (Markup × 500) | ₹6,25,00,000 |
| Total Operational Cost | ₹25,000 × 500 = ₹1,25,00,000 |
| Expected Default Loss (5%) | ₹5,00,000 × 25 = ₹1,25,00,000 |
| Net Profit Over 5 Years | ₹6,25,00,000 - ₹2,50,00,000 = ₹3,75,00,000 |
| Annual Net Profit | ₹75,00,000 |
| Capital Deployed | ₹5,00,000 × 500 = ₹25 Cr |
| Annual Return on Capital | 3% |
Market Opportunity
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₹1.2 lakh crore Indian vehicle finance market.
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200M Muslims in India + global halal-conscious users.
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Rising demand for ethical/Islamic finance worldwide.
Competitive Advantage
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Compliant with RBI + Islamic law
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No hidden charges
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Post-sale services = lifetime value
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Dealer-friendly (clears inventory fast)
MM
By Adnan Shahid
MM
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