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The question

Is the Murabaha loan for purchasing a car, in which a commodity is sold by the bank to the customer in installments with the option for the customer to sell the commodity or for the bank to do so, permissible or is it Riba?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

If the bank owns the commodity it sells in installments, or purchases it at your request, such that it genuinely enters its ownership and responsibility before being sold to you, then there is no harm in that transaction. It is, however, better that you undertake the sale of the commodity yourself, inspect it, and take possession of it before selling it.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
109170
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.
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Read the full answer on Ftawy