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The question

Is buying a car through the bank—by paying a down payment to the showroom, then the bank settling the remaining amount with the showroom, with a sales prohibition on the car, and paying installments to the bank with interest—considered unlawful or doubtful?

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

If the bank buys the car and takes possession of it, then sells it to you at a mark-up (Murabaha) with installments, and does not stipulate an increase in case of late payment, then the transaction is permissible. There is no harm in the bank preventing the sale of the car before the installments are paid off.

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
189813
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