Back to search
The question

Is it permissible to take out a loan for a car down payment out of necessity, even if that means paying a percentage again as expiation?

Share this answer

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

You are permitted to seek a legitimate means of acquiring a car for work, without resorting to usurious loans. This could be through Islamic banks for a permissible murabaha or tawarruq transaction, or by finding someone who will sell you a car in installments, with the car serving as collateral until its price is paid. Borrowing with usury is not permissible except in cases of extreme necessity, where there is a strong likelihood of perdition or unbearable hardship, or an inability to achieve a minimum standard of living. Necessity is estimated by its extent, and the permissibility of dealing with usury ceases when the necessity no longer exists.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
173272
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy