What is the ruling on financing cars from Qatar Islamic Bank, and is it permissible to purchase them in this manner, and what are its conditions?

Murabaha to the one who promises to purchase is permissible if it adheres to the Shariah controls, the most important of which are:

1. The bank must own and possess the commodity before selling it to the customer.

2. The promise to sell is religiously binding on the promisor, and judicially binding if it is contingent on a cause and the promisee has incurred a cost.

3. The mutual promise between the two parties is permissible, provided that there is an option for both or one of them.

4. Any prior contractual link between the customer who promises to purchase and the original seller must be canceled.

5. It is not permissible to finance a commodity for which the customer has paid a down payment to its owner, unless the contract between them is canceled.

6. The bank is not permitted to enter into Murabaha if there is collusion between the one promising to purchase and the seller.