Is it permissible to sell cars in installments in exchange for mortgaging the buyer's property as collateral for the company, with a third-party bank benefiting from 13% of the total mortgaged property?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the bank is to pay the value of the car in cash to the seller on behalf of the buyer, and then recover it from the buyer with 13% interest, secured by real estate, then this is clear usury (riba). It is not permissible for the seller to engage in this forbidden transaction.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/104116
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- Ftawy
- Original fatwa ID
- 104116
- Imported
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