Back to search

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?

1 min readAlso available in العربية

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 fatwa regarding a sale issued by Al Baraka Bank, numbered 58249, to which the questioner can refer.

Summarized from the full answer at Ftawy · reviewed Sep 2, 2026

Read the full answer on Ftawy