Is it permissible to purchase a car in installments from a bank that owns and holds the cars, knowing that no additional dues are incurred in the event of failure to pay the monthly installment?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the bank owns the car it sells to the buyer in installments, without stipulating a late payment penalty, then this transaction is permissible and there is no objection to it.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/169551
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- Ftawy
- Original fatwa ID
- 169551
- Imported
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