Is it permissible, in Sharia, to purchase a car by installment from a financing company, given that the company is owned by the same person who owns the importing company that buys its cars with bank loans?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The fact that the company borrows with usury does not affect the transaction between you and them, as long as the transaction itself is permissible according to Islamic law. This is because the prohibition of usurious loans relates to the liability of the borrower, not to the specific item purchased with the loan. Furthermore, the company's capital is mixed, and transactions with mixed capital are permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/109800
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 109800
- 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