Back to search
The question

Is it permissible to buy a car from a bank that purchases it then sells it in installments with interest, and is it permissible to sell it immediately upon receipt to the same dealership?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

There is no objection to purchasing a car by installments and selling it to another party (Tawarruq); this is permissible according to the majority of scholars. However, selling it back to the showroom owner is not permissible if there was a prior agreement between the bank and the showroom, as this falls under usurious stratagems. It is permissible if there was no such agreement after you have taken possession of the car.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
44626
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy