Is purchasing a car in installments from a company through a bank, where the bank's role is limited to transferring the monthly installments from the buyer's account to the company's account in exchange for a commission, considered usury?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no objection to the aforementioned transaction as long as it does not include a condition for an increase in installments upon delay in payment. There is also no objection to the bank taking a commission for transferring the installments to the company's account, because the transfer is a service for which compensation may be taken. This has no relation to usury as long as the installment is transferred from the buyer's account balance and is not a loan from the bank.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/122964
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 122964
- 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