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The question

Is a car loan forbidden if it is essential for work and the company pays the entire resulting increase?

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

A loan with interest is prohibited usury, whether the company pays the increase or not, because it is a loan with stipulated interest. Usury is prohibited by the Qur’an and , and the necessity that permits usury is that which results in perishing or unbearable hardship. Buying a car is not a necessity that permits borrowing with usury; rather, it can be purchased through Islamic Murabaha or a loan without interest.

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
47869
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