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?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/60813
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 60813
- 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