Is it permissible to acquire a taxi by installments from a bank, knowing that the bank acquired it from the supplier?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible for a person to buy and sell goods with known deferred payments, provided that the recognized conditions are met, such as prior agreement on the payment method (installments or immediate payment) to avoid two sales in one transaction, and due to the Prophet's (peace be upon him) prohibition of selling what one does not possess. It is also a condition that the contract does not include interest on late payments, as this is considered usury (riba). If the purchase is made validly, the buyer may use the goods in any lawful manner.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/80898
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 80898
- 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