What is the ruling of Islamic law on the Murabaha transaction for purchasing a car in installments, and is the promise to purchase legally binding, such that the bank is entitled to compensation if the client reneges on their promise?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The transaction mentioned is valid, and the questioner's concern regarding the promise and the necessity of fulfilling it does not invalidate its permissibility. A promise is religiously binding unless there is a valid excuse, and the effect of this obligation is either to fulfill the promise or to compensate for the harm caused by its unfulfillment without a valid excuse.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/156218
Where this answer came from
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- Ftawy
- Original fatwa ID
- 156218
- 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