Emirates Islamic and Cars24 partner to simplify car sales and financing

Dubai, 11 November 2026: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has signed a Memorandum of Understanding (MoU) with Cars24 Arabia, a global auto-tech leader, to provide an enhanced vehicle buying, selling and financing experience tailored to meet the needs of the bank’s customers.

Building on a long-standing business relationship, the agreement creates a framework to deliver a suite of customised Shariah-compliant financing solutions, preferential commercial terms and discounted fees. Through this partnership, Emirates Islamic customers will gain access to an integrated online platform to buy, upgrade, replace or sell their vehicles with enhanced speed, value and convenience.

The MoU reflects both parties’ commitment to making vehicle ownership and trading more accessible and convenient for customers. By bringing together Cars24’s services and Emirates Islamic’s financing expertise, the collaboration offers customers greater choice and tailored support at different stages of their vehicle journey.

Mohamed Al Hadi, Head of Retail Banking and Wealth Management at Emirates Islamic, commented: “At Emirates Islamic, we aim to support customers beyond traditional banking by empowering them throughout their consumer journey. Our strategic partnership with Cars24 builds on our long-standing relationship and gives customers access to preferential terms and tailored Shariah-compliant financing solutions for their needs. We remain focused on providing practical, customer-centric solutions that deliver meaningful value in everyday life.”

Abhinav Gupta, CEO of Cars24 Arabia, said: “We are building a business that supports customers beyond a single car purchase. Our partnership with Emirates Islamic brings car buying, selling and financing closer together. Together, we see a clear opportunity to simplify how customers move from the car they own to the car they want next.”