What is the ruling on buying a car from Nasser Social Bank in Egypt if the bank first buys the car and then sells it to the buyer, and a representative of the bank delivers it to the buyer from the showroom, knowing that the bank does not own showrooms?
If the bank purchases the car and it enters into its possession and guarantee, then sells it to the buyer, the transaction is permissible in principle. This is called " to the one who promises to purchase." The Islamic Fiqh Academy has permitted this transaction, stipulating that the sale must occur after the commodity has entered into the seller's possession and has been acquired by him, and the seller bears the responsibility for damage before delivery and the liability for return due to a hidden defect. As for the bank selling the car while it is in the showroom, this does not affect the validity of the sale if the bank has acquired it and then sells it. Possession is achieved by giving the buyer access, meaning enabling the buyer to dispose of it.
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