Is it permissible to purchase a car in installments from a bank that owns and holds the cars, knowing that no additional dues are incurred in the event of failure to pay the monthly installment?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the bank owns the car it sells to the buyer in installments, without stipulating a late payment penalty, then this transaction is permissible and there is no objection to it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/169551
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 169551
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy