Is dealing considered permissible or impermissible, based on the conditions stipulated in the contract, for purchasing a car through commercial financing (Murabahah) from the Fund, which includes conditions such as the duration of membership in the Fund, the age of the car, the annual Murabahah rate, and the obligations incumbent upon both the employee and the Fund, including the employee bearing the costs of mortgage, insurance, and the transfer of ownership twice?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
The aforementioned contract is ambiguous, but the employee's participation in the fund indicates that he is lending money to the fund. This constitutes a loan that draws benefit for the lender, and is therefore usury (riba) and unanimously forbidden.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/95103
- Source platform
- Ftawy
- Original fatwa ID
- 95103
- Imported
- Translation status
- Source text, unreviewed
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