Is it permissible to purchase a car through an Islamic bank if the bank buys the car and registers it in its name, then transfers ownership to me in exchange for a transfer fee and a specified profit margin?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no objection to purchasing a car from the bank at a price higher than the price at which the bank bought it, provided that the bank genuinely owns it and it falls under its guarantee. As for the transfer fees, if they are for documenting the second and first contracts, the first is permissible, but the second is not, because it is an obligation of what is not obligatory and taking money unjustly, resembling the forbidden earnest money (deposit).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/47697
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 47697
- 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