Is it permissible or impermissible to purchase a car from Al Rajhi Bank via Murabaha, with the dealership adding a percentage that the bank deducts from it, and administrative fees added by the bank? And is personal financing from Al Rajhi Bank permissible?

Firstly: There is no objection to the showroom selling a car to the bank at a price different from the price at which it sells to the public, provided that the bank informs the customer of the price at which it purchased the commodity when selling it on a Murabaha basis; because Murabaha is a trust sale (buy-sell with disclosed cost and agreed profit).

Secondly: It is not permissible for the showroom to increase the price of the car in order to give this increase to the customer, because that leads to usury (Riba), as the customer takes money and returns it with an increase to the bank.

Thirdly: It is permissible to charge administrative fees from the ordering party in a Murabaha transaction. These are fees for the bank's study of the customer's solvency and monitoring of the commodity, and they are non-refundable fees.

Fourthly: Regarding personal financing, if it is through regular Tawarruq (monetization) in commodities that the customer can own and sell himself, such as a car or pure shares, then it is permissible. However, organized Tawarruq in metals and international commodities is predominantly considered impermissible.