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The question

Is it permissible to deal with an usurious bank (such as Alinma Bank) to purchase a car, where the bank buys and owns the car then sells it to the customer at an increased price, with administrative fees? Is this transaction valid?

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

This is a permissible murabaha and tawarruq transaction, provided that the bank does not stipulate a penalty for late payment, there is no collusion for the commodity to return to the original seller, and the bank genuinely purchases the car, so it enters into its possession and responsibility before selling it to the one ordering the purchase.

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
154158
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