Is it permissible to deal with a company that sells cars in installments at a price higher than the market price, where a portion of the amount is paid in advance and the remainder is paid in installments after the car is delivered?

It is permissible to purchase cars by installments, provided Islamic legal conditions are met. If the company acts as an agent for the employees, the rulings pertaining to agency between the two parties, and the rulings regarding installment sales between their company and the other company, must be observed. However, if the company buys the cars and then sells them to the employees, it is necessary for the company to possess and own the cars before selling them. In both cases, the contract must be free from prohibited elements such as commercial insurance or usurious interest charges for late payments. The initial payment is considered a down payment (earnest money) and has its own detailed rulings.