Safwa Islamic Bank Signs Exclusive Partnership with DOOZ for Vehicle Financing Starting from 3.25%
Safwa Islamic Bank Signs Exclusive Partnership with DOOZ for Vehicle Financing Starting from 3.25%
In a strategic step towards shaping the future of Jordan’s automotive market and digital financial solutions, Safwa Islamic Bank has officially announced an exclusive partnership with DOOZ, Jordan’s leading automotive application for buying and selling vehicles.
Under the agreement, Safwa Islamic Bank becomes the sole and exclusive Islamic bank available on the DOOZ platform in Jordan, providing users with an integrated digital vehicle-financing experience that is fully compliant with Islamic Sharia principles and offered on highly competitive terms.
Flexible and Comprehensive Islamic Financing Starting from 3.25%
In response to the needs of the Jordanian market and the growing demand for accessible vehicle ownership solutions, Safwa Islamic Bank will provide digital Islamic financing at a competitive Murabaha rate starting from 3.25% across the vehicle purchasing options available through the DOOZ platform.
Designed to serve a broad range of customers, the financing programme covers:
• Vehicles sold by individuals: facilitating direct vehicle transactions between individuals.
• Vehicles sold through dealerships: supporting the purchase of both new and used vehicles from automotive dealers.
• Vehicles sold through authorised dealerships: enabling customers to finance new vehicles directly from authorised dealers.
DOOZ: Jordan’s First Automotive Super App
DOOZ has evolved beyond being a conventional vehicle listings platform, establishing itself as Jordan’s largest free specialised automotive application and pioneering the Super App model within the automotive sector.
The platform provides users with a comprehensive digital environment covering virtually every aspect of vehicle ownership and the automotive journey, all in one place and free of charge.
Its services include:
• A marketplace for buying and selling vehicles
• A directory of roadside assistance providers
• A service to locate the nearest electric vehicle charging point
• Vehicle insurance services
• Automotive news and expert advice
• AutScore vehicle inspection appointment booking
• Instant and exclusive Islamic financing solutions at the touch of a button
More Automotive Services Through DOOZ
The platform also provides a range of additional automotive services and information, including:
1. AutScore vehicle inspection reports
2. Automotive services directory and workshop search
3. Roadside assistance providers directory
4. Electric vehicle charging point locator
5. Spare parts and tyres marketplace
6. Body panel and spare parts pricing
7. Vehicle licensing fees and traffic fines information
8. Market value and vehicle service history
A Strategic Alliance Driving the Digital Transformation of Jordan’s Automotive Market
This partnership represents a significant step forward in enhancing the automotive experience for users in Jordan, bringing together DOOZ’s extensive reach and technological capabilities with Safwa Islamic Bank’s trusted banking expertise and credibility.
Through the partnership, DOOZ users will be able to select their preferred vehicle whether offered by an individual, dealership or authorised dealer and submit an application for Islamic vehicle financing directly through the platform. This integrated process is designed to reduce time and effort while accelerating the financing approval journey through a modern, secure and innovative digital experience.
The exclusive partnership reflects the commitment of both parties to delivering high-value services and a seamless customer experience. Through this collaboration, DOOZ aims to strengthen its position as the preferred destination for all automotive needs in Jordan, while Safwa Islamic Bank offers customers a convenient and accessible Islamic financing solution for vehicle ownership.
