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The question

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?

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

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

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Source platform
Ftawy
Original fatwa ID
153657
Imported
Translation status
Source text, unreviewed
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