Is it permissible to indirectly buy and sell cars subsidized by the government for profit, where the beneficiary, unable to pay, partners with others to finance the purchase, and then the car is sold in the market and the profit is divided? Is it permissible for the financier to buy the car after it has been offered in the market, with half of the profit deducted from the price?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the person entitled to the car (premium category) pays part of the amount, and the other partner pays the rest, then the partnership is permissible, and they share the profit according to their agreement. However, if the partner pays the full amount to the entitled person, this is a loan that draws a stipulated benefit, which is prohibited interest (riba). But, the right of entitlement can be considered a material value that the partner buys from the entitled person, and then deducts what is due to him from the profit.
Summarized from the full answer at Ftawy · imported
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- 47514
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