Is buying a car from a showroom through a bank permissible or forbidden, where the bank buys the car and the buyer deposits an amount that can only be used after ensuring the bank's ownership of the car (the license is in the buyer's name with a no-sale restriction in favor of the bank), and then the buyer pays monthly installments to the bank? And is it permissible to pay the remaining installments in a lump sum if the transaction is forbidden, in order to benefit from a discounted percentage of the increase?
The described method for purchasing a car from the bank is permissible, as long as the bank owns and possesses the car before selling it. The bank's request for a security deposit (earnest money) does not affect the permissibility, nor does pledging the car for its price in favor of the bank. This is also the view adopted by the Islamic Fiqh Academy.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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