What is the ruling on buying a car in installments from a bank that requests a car value invoice from the dealership so that the bank may purchase it and then sell it to me in installments?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the bank buys the car and it enters into its possession and guarantee, then sells it to you for a known price — even if it is higher than the market price — there is no harm in that. This is because "time has a share in the price."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/127434
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 127434
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy