What is the ruling on the Savings and Reserve Bank purchasing cars from a private investor to sell them to people, calculating their profits, in imitation of Al Baraka Islamic Bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not possible to rule on the transaction without reviewing the terms of the sale contract between the bank and the buyer. However, there is a previous detailed regarding a sale issued by Al Baraka Bank, numbered 58249, to which the questioner can refer.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/61806
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 61806
- 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