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The question

Is it permissible to purchase a car by paying 2,000 dirhams as a down payment and the remainder in installments over 5 years, with the car only being received after the full amount has been paid?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is permissible to sell a commodity while it remains with the seller as a pledge until the price is paid in full, provided that its ownership transfers to the buyer upon the contract, not after the full payment of the price. It is permissible for the seller to stipulate pledging the sold item with him to guarantee the fulfillment of the deferred installments.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
63412
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.
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Read the full answer on Ftawy