Is it permissible or forbidden for cars to be sold in installments in cooperation with Islamic and usurious banks, where the price of the car is taken from the bank at its cash value without interest, and the customer pays in installments with interest to the bank?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the bank genuinely buys the car from you, then sells it to the person who chose it, this is permissible, even if it sells it for more than the bank bought it from you on credit. However, if the person is the one buying the car and the bank pays you the price then charges him more for it in installments, this is usury and is not permissible.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/70834
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 70834
- 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