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The question

Is buying a car from a bank – which first buys it then sells it to the client at an increased, installment-based price – permissible or forbidden?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

If the bank genuinely purchases the car and then sells it to you in deferred installments without stipulating a late fee penalty, then this is a permissible Murabaha.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
180909
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.
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Read the full answer on Ftawy