Selling Mercedes under Sharia Daimler Opens Islamic-Friendly Financing Arm in Dubai

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.
Daimler has expanded into the United Arab Emirates with two financial services companies.

Daimler has expanded into the United Arab Emirates with two financial services companies.

Foto: Gero Breloer/ AP
ccl -- with wire reports