Is there a difference between Fatwa no. 2541486 and Fatwa no. 8077 regarding the ruling on an employee taking a loan from their company to buy a car that will be registered in the company's name?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The transaction between an employee and their employer is a loan, not a sale. Registering the car in the company's name for documentation purposes, to keep it as collateral, and for the employee not to dispose of it until the loan is repaid, is permissible and does not affect the validity of the transaction. As for the mentioned fatwa, it addresses the issue of selling without transferring the sold item to the second seller's name in legal departments, which is a purely legal procedure, and the consideration in contracts is their meanings.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/153657
- Source platform
- Ftawy
- Original fatwa ID
- 153657
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy