CFAO Mobility Kenya has partnered with Almasi Financial Services Limited to roll out a Sharia-compliant vehicle financing scheme targeting entrepreneurs and small businesses.
The partnership, announced today, will enable customers to access up to 90% financing to acquire a range of heavy commercial vehicles, including Mercedes-Benz Trucks & Buses, Hino, and Sinotruk models with repayment terms of up to 60 months at competitive rates.
Speaking at the official launch, CFAO Mobility Kenya Deputy Managing Director, Joshua Anya, highlighted the initiative’s potential to empower business owners by easing access to essential transport assets through ethical, interest-free financing structures.
“Through this arrangement, our customers will not only enjoy a convenient payment plan but also a simplified, Sharia-compliant path to acquiring critical business assets. This is an empowering offer that speaks directly to the entrepreneurial spirit driving our economy forward,” said Anya.
Almasi Financial Services CEO, Mr. Ismail Soliman, underscored the inclusive nature of the facility, noting that it was designed to serve customers who may not typically access conventional credit lines.
“Our partnership with CFAO is a significant step toward offering sustainable asset financing solutions to underserved segments of the Kenyan market. We believe this model will create tangible value by allowing businesses to match repayments with their cash flow, making the process of asset acquisition more sustainable,” said Soliman.
The collaboration between CFAO and Almasi is expected to provide a major boost for SMEs and logistics operators seeking affordable financing options aligned with their faith or ethical beliefs. The move also reinforces both companies’ commitment to supporting inclusive economic growth and empowering grassroots entrepreneurship across Kenya.