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?
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 price higher than its cost, without stipulating an increase in case of late payment, then there is no harm in that.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/105797
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 105797
- 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