Back to search

What is the ruling on purchasing a car for a media services company through a long-term lease-to-own contract, knowing that this contract is not free of the suspicion of usurious dealings?

1 min readAlso available in العربية

Leasing ending in ownership has permissible and impermissible forms. Among the permissible forms is a lease contract that enables the lessee to utilize the asset in exchange for a known rent and for a known period, accompanied by a contract of gift of the asset to the lessee, contingent upon the full payment of the rent, either through an independent contract or a promise of gift after the rent is paid. The European Council for Fatwa and Research has permitted long-term car leasing that ends with the option to keep the car at an agreed-upon price or return it, without considering the interest that the lessor takes into account in the rent.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
189078
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy