What is the ruling on purchasing a car in installments from a bank that first buys it from the dealer and then sells it to me in installments at an agreed-upon price, without an increase in the price or requiring insurance?
If the bank buys the car and it enters into its possession and guarantee, then sells it to you for a price higher than its cost, without stipulating an increase in case of late payment, then there is no harm in that.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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