Is it permissible to purchase a car with a deposit guarantee in an Islamic bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the intention is to purchase a car through a Murabaha and installment system, there is no harm in that. If the bank requests collateral for its debt, such as placing a house, land, gold, or the like, this is legally termed a pledge (rahn), not a deposit (wadi'ah).
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/43400
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 43400
- 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