Ayan Capital says it has raised £25 million in Shariah-compliant financing from institutional debt provider Partners for Growth (PFG). Ayan says the commitment reflects the rising demand for Islamic financial products in the UK. Ayan Capital already provides halal business car financing, serving private hire cars like Uber and Bolt.
Ayan highlights its tech-driven platform in contrast to legacy players.
Ayan Capital reports that it more than doubled its financing issuance last quarter, growing 2.2x while maintaining a 0% non-performing loan rate.
The capital commitment follows Ayan Capital’s recent £3.4 million Pre-Series A round.
Ayan states that it is targeting £25 million in financing this year and £100 million in 2026. The longer term vision is to apply for a UK banking license aiming to become a leader in Islamic banking in the UK.
The UK’s Muslim population is predicted to reach 10 million by 2050, and Islamic banking is said to be underserved.
Abdullo Kurbanov, co-founder and CEO of Ayan Capital, stated:
“We are grateful for the trust and support of the PFG team. Our mission is to make halal financing more accessible in every way – cost, technology, and customer experience. Choosing a halal option should not mean paying more. While we are still at the beginning of our journey, we are wholeheartedly committed to building a financial system that is open to all – one that is not only halal but also more competitive, convenient, and innovative than conventional alternatives.”