What is the ruling on dealing with companies that sell cars by installment through the "Islamic Murabaha" system, where they first purchase the car and then sell it to the client in installments, given conditions such as: paying inquiry fees, submitting personal identification and income documents, granting power of attorney for the car to the company, and registering the license in the client's name but mortgaged to the company?

This transaction is a Murabaha sale for one who promises to purchase (Murabaha li al-amir bi al-shira), which is permissible if it adheres to Islamic legal controls. In the scenario conducted by the mentioned company, we observe that it largely adheres to Islamic legal controls in most of its clauses, but there are issues in two clauses:

First: The condition that the client provide a power of attorney for the car in favor of the company. This is impermissible if it means that ownership of the car does not transfer to the buyer. Pledging the car would suffice instead of this condition.

Second: Receiving the car from the showroom. If the company takes possession of the car and its ownership transfers to it before selling it to the buyer, then this is a valid sale. However, if the company does not take possession of the car but merely instructs the client to take it directly from the showroom, then this contract is impermissible, as the company is selling the car before acquiring ownership and possession of it.