What is the ruling on taking out a loan from Islamic banks (such as Dubai Islamic Bank and Abu Dhabi Islamic Bank) to buy a car?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Islamic banks do not lend; rather, they engage in murabaha sales to a purchaser, whereby the bank buys the commodity after the client promises to purchase it, and then sells it to him at a profit. The ruling on this type of sale is clarified in No. 41797.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Ftawy
- Original fatwa ID
- 54247
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- . 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