What are the conditions that must be met for a car to enter into the bank's ownership before being sold to the client, when purchasing a car through an Islamic bank, where the bank pays its price to the seller and then sells it to the client in installments with an increase, and the car is not registered in the bank's name with the traffic department?
The Murabaha sale to a purchasing agent is permissible in principle if it adheres to the Sharia-compliant controls. These include that the sale must occur after the commodity enters the ownership of the agent and after valid possession (qabd) has taken place. Furthermore, the promise can be binding religiously and legally in certain cases, and promising is permissible with the condition of an option for both parties to the promise. It is not a requirement for the transfer of ownership of a car or similar item that it be registered in the bank's name; rather, valid possession is sufficient by moving it from its place or by giving access (takhliya), such as handing over the keys and documents.
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