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The question

What is the ruling on buying a car by paying 20% upfront and the rest in installments, with the car remaining in the company's name until the full amount is paid, and without requiring a final payment upon transfer of ownership?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

There is no objection to purchasing a car from dealerships where the seller retains the vehicle's registration (istimara) in their name. This transaction is Islamically permissible, and the seller's retention of the registration does not affect the sale. It falls under the category of mortgaging the sold item with the seller to guarantee their right, and this is permissible.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
45565
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.
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Read the full answer on Ftawy