What is the ruling on purchasing a car by installments through Murabaha, which involves the bank buying the car in cash or on credit, and then selling it to the customer with an agreed-upon profit margin?

The three-fold scenario mentioned is Murabaha to the one who promises to purchase. In this, the client asks the bank to buy a commodity, then the bank buys it and takes lawful possession of it, then sells it to the client in defined installments. It is permissible for its price to be higher than the immediate cash price, provided there are no impermissible conditions such as usurious increase or commercial insurance. The Fiqh Academy has approved the permissibility of Murabaha to the one who promises to purchase if it is applied to a commodity after it enters into the ownership of the one who is commanded (the bank) and lawful possession has occurred, and the conditions of sale are met and its impediments are absent.