Is a transaction that involves selling a car to a financing company, then buying it back from them in installments, along with a pledge to pay a large financial compensation in the event of not buying it, considered Murabaha or usury (Riba), taking into account the penalty for not paying checks in the country?

If one is in need of liquidity, there are legitimate ways to obtain it. One of these is to purchase a commodity in installments from a financing entity and then sell it for cash after taking possession of it. This is known as the issue of Tawarruq.

However, selling something to a financing company for a cash price, then committing to repurchasing it from them for a higher installment price, along with paying compensation in case of non-repurchase, is impermissible. This is considered the Bay' al-'Inah (credit sale) which is blameworthy in Islamic law. The Prophet, peace and blessings be upon him, said: "If you engage in Bay' al-'Inah, and you take hold of the tails of cattle, and you are content with cultivation, and you abandon Jihad, Allah will inflict humiliation upon you which He will not remove until you return to your religion."