Back to search

Is buying a car in installments from a bank that owns it, along with transferring one's salary to it and taking out life insurance, Islamically permissible?

1 min readAlso available in العربية

If the bank purchases the car and it enters into its possession and guarantee, then sells it to you deferred and in installments at an increased price over its purchase price, there is no harm in this transaction for you. This is considered a Murabaha sale to a party requesting a purchase.

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

Read the full answer on Ftawy