Is it permissible or forbidden for cars to be sold in installments in cooperation with Islamic and usurious banks, where the price of the car is taken from the bank at its cash value without interest, and the customer pays in installments with interest to the bank?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the bank genuinely buys the car from you, then sells it to the person who chose it, this is permissible, even if it sells it for more than the bank bought it from you on credit. However, if the person is the one buying the car and the bank pays you the price then charges him more for it in installments, this is usury and is not permissible.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/70834
- Source platform
- Ftawy
- Original fatwa ID
- 70834
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy