Halal Auto Financing in Texas
0% refinancing of an existing interest-bearing auto loan on your primary vehicle - Jafari pays off the loan and you repay only the principal, up to $35,000. Requires 3+ on-time payments on the loan being replaced and a rate at or above the credit union's published minimum; collateral is an auto titled in Texas or Florida (15 model years or newer) or credit-union shares. Run by volunteers, insured by the NCUA, and funded by member fees and donations, the Houston-based cooperative has saved members a documented $1.15M in interest since inception.
Jafari Credit Union refinances existing auto loans up to $35,000 on a true 0% Qard Hasan basis - no interest at any point, funded by member fees and donations, with a documented $1.15M in member interest savings since inception. It's refinance-only and Texas-only, and no formal Shariah board is published. For purchase money you'll still need another route - Jafari only refinances - but as an exit from an existing interest-bearing car note, nothing else in the US is this clean. Ideal for Texans who want out of an interest-bearing car loan entirely.
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Cons
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Structure
qard-hasan
Vehicle Types
Used (Refinance)
Terms
Custom terms
Max Amount
$35,000
Jafari Credit Union offers halal auto financing in Texas using a qard-hasan structure. Unlike conventional auto loans that charge interest, this structure avoids riba entirely. With Texas's cost of living (median home price: ~$338,000), reliable halal auto financing can be an important part of a family's financial plan. Texas is home to an estimated ~313K Muslims (1.1% of the population) (World Population Review, 2020 estimates). Jafari Credit Union serves 1 state, including Texas.
Member-owned financial cooperative that offers riba-free (interest-free) loans and halal financial services designed to align with Islamic principles for its community.
No formal Shariah board or fatwa published on site. Operates as a no-interest credit union model.
2026-08-05
Available in 1 state
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3 other auto financing products available to Texas residents
RF (Riba Free) financing, LARIBA discipline · Nationwide
Nationwide
3 verified reviews
A halal credit union! The fact that this exists makes me happy. Being a member means you're part of a cooperative and the services are genuinely shariah-compliant. Wish we had one of these in every state.
Good credit union if you're in their area. The product selection is more limited than a big bank but everything is halal by default which is the whole point.
Opened a savings account with them. No interest, just the way it should be. The staff is friendly and gets it. Limited branch access but that's the reality of a small credit union.
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