Is offering to sell cars to employees, where the bank provides a facility of 15 months' worth of salary to the employee, with a repayment period ranging from 6 to 60 months, and the amount is repaid in fixed monthly installments (such as an installment of EGP 232.68 for 60 months for an amount of EGP 10,000), considered usury (riba)?

If the bank buys the vehicles from the dealer with a real purchase, and they enter into its possession and responsibility, then sells them to the customer in deferred installments, there is no harm in that, even if it adds to their immediate price. This is conditional on specifying the total price of the vehicle at the beginning of the sale, and that the installment value does not increase in case of late payment. However, if the bank does not buy the vehicles but pays their price on behalf of the customer with an apportioned increase, then this is not permissible because it is a usurious loan.