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?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
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.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/154158
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.
- Read the full ruling
- Read the full answer on Ftawy