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The question

Is it permissible to purchase a car in convenient installments from a car dealership through a financing institution?

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

It is not possible to definitively rule on the permissibility of installment sales with the aforementioned entity without knowing the nature of the contract. However, installment sales are permissible under certain conditions, including that they do not involve usury (such as stipulating an increase for late payment), and that the entity owns the commodity before selling it to the client.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
43044
Imported
Translation status
Source text, unreviewed
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