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Tag: Interest-based loans

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.

Car Insurance with Interest

Car Insurance with Interest: Allowed?

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: If Islamic insurance is available, then you have to opt for it. Otherwise, you may buy car insurance and pay …



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