What is this partnership between MyAssist and Direct Lending about?
MyAssist has partnered with Direct Lending to offer this Auto Service Financing, where MyAssist’s users are able to pay for their car repair or service bill via an instalment plan.
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Who is Direct Lending?
Direct Lending founded in 2016 as a digital financing marketplace which enables borrowers to find, apply and receive financing that best suits them in a safe and affordable manner. It obtained a credit community (moneylending) license from Ministry ...
What is MyAssist?
MyAssist offers assistance by coordinating and managing car repairs through our panel workshop or utilizing our in-house technicians to service your vehicle until it is fully ready for use. For more information, click here.
What services does MyAssist provide?
MyAssist offers assistance by coordinating and managing car repairs through our panel workshop or utilizing our in-house technicians to service your vehicle until it is fully ready for use.
What happens next should I agree to accept the offer?
Should you agree to proceed with this instalment plan, please simply reply to Direct Lending’s WhatsApp or inform MyAssist. A checkout link will be sent to your WhatsApp to complete the online checkout process (see next question for more information) ...
What is the Shariah concept applicable?
Auto Service Financing is based on the Shariah concept of Commodity Murabahah via Tawarruq, which consist of two separate sale and purchase contracts: Sale of a Shariah-compliant commodity by Direct Lending to you (as buyer) on a deferred basis (i.e. ...