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Buying a Car with Interest-Based Loan

Buying a Car with Interest-Based Loan: OK?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: 1- Riba (interest on loans) is prohibited by the texts of the Qur’an and the Sunnah. Therefore, a Muslim needs to keep …

Car Loan

Car Loan with Wife’s Contribution: Allowed?

In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: Interest-based car loans are not permissible in Islam, especially in cases like yours where car is not a pressing need or a necessity of life. Responding to …

Car Loan Paid Directly by a Bank: Permissible?

Car Loan Paid Directly by a Bank: Permissible?

I am a Muslim lady working in a commercial bank that lends loans as well as asset finance. I wanted them to buy a vehicle for me and they accepted to transfer the money to the vehicle seller meaning I am not receiving the money directly from them.

Buying a Car With Interest

Buying a Car With Interest: Riba?

Wa `alaykum as-Salamu wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: The finance department gives you a loan in fact not it sells you a car. The price 32995 is paid …



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