Is it permissible to purchase a car in installments from a car company owned by the bank that will provide the financing?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Purchasing a car through a bank that does not own it beforehand, nor will own it after your request, is considered a loan from the bank for the car's price, which you repay in installments with an increment over its original price. This is prohibited interest (riba) and it is impermissible to proceed with it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/114520
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 114520
- 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