Is it permissible to buy a car from a seller who deals with a bank that compels the buyer to pay an additional percentage on the original price, such that the total amount paid is greater than the remaining value of the car?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the bank genuinely purchases the car, it is permissible for it to sell it to the customer at the agreed price, whether paid in installments or deferred. However, if the bank does not actually purchase the car, but instead pays its price to the seller so that it can take more from the customer in installments, this is considered a usurious loan; because "every loan that draws a benefit is usury."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/38904
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 38904
- 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