What is the ruling on purchasing a car in installments from a bank that first buys it from the dealer and then sells it to me in installments at an agreed-upon price, without an increase in the price or requiring insurance?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the bank buys the car and it enters into its possession and guarantee, then sells it to you for a price higher than its cost, without stipulating an increase in case of late payment, then there is no harm in that.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/105797
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- Original fatwa ID
- 105797
- Imported
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