What Is Sharia-Compliant Device Financing — and Why It Matters

Access to smartphones, tablets, and laptops is no longer a luxury—it’s a necessity for education, business, and everyday life. But for many people, especially in Muslim communities, traditional financing options come with a serious challenge: interest (Riba).

This is where Sharia-compliant device financing comes in.

At GetPhone Limited, financing is not treated as a loan. Instead, it follows a trade-based Islamic model designed to promote fairness, transparency, and dignity. The company uses Murabaha (Cost-Plus Sale) and Bay’ Bithaman Ajil (Deferred Payment Sale)—two well-established Islamic financing principles.

Here’s how it works:

• GetPhone first purchases the device from an approved supplier
• The device is then sold to the customer at a clearly disclosed final price
• Payment is made through fixed monthly installments
• No interest is charged—only an agreed profit margin

This structure eliminates uncertainty (Gharar), avoids exploitation (Zulm), and ensures customers know the total cost from day one.

Sharia-compliant financing isn’t just about religion—it’s about ethical business. It ensures honesty, fairness, and trust, while making modern technology accessible to more people.

Bottom line: With Sharia-compliant financing, you don’t compromise your values to stay connected.