Is it permissible to take out a Murabaha loan to purchase a car from the Saudi Hollandi Bank through the company where the questioner works?
If the bank has Islamic branches and owns the car or buys it for itself first, then sells it to you for a known price, and the contract is free from a penalty clause for late payment, then there is no objection to dealing with it; otherwise, not.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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