What is the ruling on borrowing from the Saudi Investment Bank to purchase cars from Al-Omari showroom, given that the bank claims ownership of them? Does the bank own the cars or not? What is the ruling on selling the cars to the same showroom without moving them from their place? What is the Sharia basis for Murabaha sale? Is it in the ownership of the commodity, in the sales contract, or in moving the commodity?

One should not deal with a usurious bank if it is possible to do without it. If it is not possible, then there is no harm in dealing with it within the limits permissible by Islamic law. It is permissible to buy a car in cash or in installments from the bank if the bank owns it, provided that the conditions of sale are met, and the car may not be sold until after it has been taken possession of. However, if the bank does not own the cars, then the sale is void.