What is the ruling on purchasing a car in installments from a bank that owns it and keeps it in its lot, knowing that no additional dues are incurred in case of failure to pay the monthly installment?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the bank owns the car, it is permissible to purchase it from them either with cash or in installments, even if the installment price is higher than the cash price. This is because time has a share in the price, and this is what the rules of necessitate.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/169596
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 169596
- 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