Ayan Capital Secures £75M Facility to Launch UK’s Next Halal Digital Bank

Ayan Capital has secured a £75 million Shariah-compliant facility from Triple Point to expand its halal car finance operations. For fintech professionals, this deal underscores the increasing institutional confidence in Islamic finance and demonstrates a clear roadmap for specialized credit providers aiming to transition into full-service digital banking within the competitive UK market.

What was announced

The £75 million ($100 million) senior facility, originated by investment manager Triple Point, is designed to support Ayan Capital’s next growth phase as it prepares for a UK banking license application. The capital will fund new originations, allowing the company to lower its cost of funding and offer more competitive pricing to its customer base. Ayan Capital utilizes an "Ijara wa Iqtina" structure, where the company maintains ownership of the vehicle throughout the term, assuming ownership risk, while customers pay fixed monthly rentals and gain ownership at the end of the contract.

Since its launch in early 2024, Ayan has processed over 150,000 applications. The company reports that more than 60% of its website visitors begin an application, contributing to a 4.9 Trustpilot rating and a loss rate that remains below the industry average. The firm’s technology is built entirely in-house, with engineers making up two-thirds of the staff. Through its AyanCare initiative, the company also assumes enhanced responsibility for unexpected mechanical and electrical repairs on the vehicles it owns.

The announcement highlights a significant market opportunity, with an estimated 50 million Muslims living in the West. In the UK alone, Ayan estimates that Muslims hold approximately $90 billion in bank deposits and require $40 billion in annual financing. Despite this, many still use conventional banking products, though 85% indicate a preference for halal alternatives if priced similarly. To support its banking license ambitions, Ayan intends to raise a Series A round in the coming months, following previous backing from Cur8 Capital, Empakt Ventures, IT Park Ventures, and Caucasus VC.

"There is a lot to do, but this facility lets us serve more customers, more competitively. Over time we want to build a challenger bank that is open to everyone, whether they are looking for halal finance or not, and that raises the bar for what customers should expect."

Abdullo Kurbanov, CEO and co-founder at Ayan Capital.

The companies involved

Ayan Capital is a UK-based fintech specializing in Shariah-compliant consumer finance. The company’s leadership brings significant experience to the London market; its founders previously established Alif, a fintech and banking group that serves over 10 million customers across Central Asia. Ayan’s strategy mirrors this previous success, focusing first on halal car finance before moving toward cards, savings, and a full-service digital banking model. The company operates the website ayancapital.co.uk and maintains a heavy focus on in-house engineering.

Triple Point, the investment manager that originated the facility, is a prominent player in the specialty finance sector, operating from its base at triplepoint.co.uk. The firm frequently provides debt facilities to support high-growth companies and investment activities. Ayan’s investor base includes Cur8 Capital, a platform focused on Islamic finance and ethical investments, alongside Empakt Ventures and IT Park Ventures. Caucasus VC also features among the backers supporting the firm’s expansion. These organizations collectively provide the institutional framework necessary for Ayan to challenge conventional banking incumbents by addressing the specific ethical and religious requirements of the UK’s fastest-growing demographic.

What FF News has reported before

FF News has closely followed the development of Ayan Capital and the broader specialty finance landscape. In October 2025, we covered how Ayan Capital Secures FCA Credit License and Launches Tech-Driven Islamic Consumer Finance, marking its formal entry into the regulated UK market. More recently, our reporting on Triple Point Backs Ayan Capital with £75M Shariah-Compliant Facility for Halal Car Finance detailed the initial mechanics of this funding round.

Triple Point’s activity in the sector has been a recurring theme, including when Triple Point Supports Pelican Capital’s Investment in Steplab with Debt Facility earlier in 2026. Furthermore, our analysis of the UK Middle-Income Crisis highlighted the economic pressures facing UK consumers, providing context for the demand for more transparent and competitive financing options like those offered by Ayan.

What this means

This announcement moves the needle by proving that Shariah-compliant finance is no longer a fringe vertical but a viable target for major institutional debt facilities. By securing £75 million, Ayan Capital puts direct pressure on conventional high-street lenders who have historically failed to provide price-competitive, Shariah-compliant alternatives. The real test for the sector will be whether specialized providers can maintain their ethical structures while scaling to the level of a full-service bank. It raises a critical question for the UK market: as demographic shifts continue, will incumbent banks be forced to launch their own Islamic windows to prevent a significant flight of deposits to agile, tech-first challengers?