What is a halal private loan from a Muslim private lender ?
A halal private loan from a Muslim private lender is a form of financing that follows Islamic principles of Sharia law, designed to provide funds without charging interest (riba).
The loan itself is considered “halal” because it avoids interest and excessive uncertainty (gharar), focusing instead on ethical arrangements and common structures include Qard Hasan (interest-free loans), Murabaha (cost-plus sale financing), or Musharakah (partnership financing).
The Muslim private lender providing such a loan is typically an individual, community-based fund, or private institution committed to Sharia-compliant finance; also these lenders prioritize ethical responsibility, fairness, and mutual benefit rather than profit through interest.
Is it possible to obtain an Islamic loan from a Muslim private lender ?
Yes ✅ it is possible to obtain an Islamic loan from a Muslim private lender, provided that the loan is structured in line with Sharia principles. Many Muslim private lenders — whether individuals, small community funds, or specialized Islamic finance companies — offer financing solutions that comply with Islamic law.
Can I have a list of Islamic private lenders that offer halal loans in Saudi, Dubai and Qatar ?
Islamic private lenders offering halal loans (Sharia‑compliant) in Saudi Arabia, Dubai (UAE), and Qatar:
Saudi Arabia
- Al Rajhi Bank
One of the largest and most established Islamic banks globally, Al Rajhi Bank offers a full suite of Sharia‑compliant financing options, including personal finance, mortgages, and business loans— all structured to meet Islamic law requirements.
Note: Most Islamic financing in Saudi Arabia comes from formal banks like Al Rajhi. Private, non-bank lenders are less common in this context.
Dubai (UAE)
- Mawarid Finance (Private & Sharia‑compliant)
A private joint-stock company based in Dubai, Mawarid Finance provides a wide range of Sharia‑compliant financing solutions, including individual cash facilities, home finance, auto finance, trade finance, and more—using Islamic structures such as Murabaha, Musharakah, Ijarah, and others. - Dubai Islamic Bank (DIB)
A full-service Islamic banking institution, DIB is the world’s first full-service Islamic bank and offers Sharia‑compliant personal, home, auto, and business financing. - Emirates Islamic Bank
Another key Islamic bank in Dubai, offering a range of Sharia-compliant products tailored to individuals and businesses.