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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: FtawySummarized from the full answer at Ftawy · imported 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.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
189813
Imported
Translation status
Source text, unreviewed
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