What is the ruling on purchasing an un-customed car from the free zone via a Murabaha contract, where the bank agrees with the first seller to complete the customs clearance and registration in the name of the purchaser after selling it to the bank, and the bank then sells the car to the purchaser, knowing that the bank buys and sells it at the customed price, then the customs clearance is completed later by the first seller?
The bank must first genuinely purchase the car from its owner, and then sell it to the prospective buyer. Registering the car directly in the name of the prospective buyer, without the bank, does not affect the validity of the transaction. Similarly, the bank's agreement with the seller to complete the car's customs procedures does not affect the validity of the Murabaha (cost-plus financing) contract.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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