Mercedes-Benz has created two companies in Dubai that will offer shariah based financing. Spiegel
Daimler is hoping to boost its troubled sales with a financing and leasing company in the United Arab Emirates that offers Islamic-friendly financing. The new companies, joint-ventures with local Mercedes distributors, will give Mercedes dealers a host of financing services to entice more customers.
In a bid to boost sagging sales, Daimler Financial Services AG, the financial services arm of auto giant Daimler AG, has open two new companies in the Middle East that will finance cars under the rules of Islamic law.
Mercedes-Benz Finance Middle East and Mercedes-Benz Leasing Middle East will offer loans and leasing deals to customers of new and pre-owned Daimler vehicles that comply with Islamic law or Sharia, according to the company. The move will allow Mercedes dealers in the United Arab Emirates to offer a new range of financial services to their Islamic customers.
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