Is it permissible to purchase car insurance in monthly installments with interest if it is not possible to pay in a lump sum?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Commercial insurance of all types is prohibited because it contains (excessive uncertainty) and (gambling). However, it is permissible for someone who is obligated to have it to do so, and the sin falls upon the one who imposes it. If there are two ways to pay the insurance, one in cash and the other in installments with an increase, there is no harm in paying in installments because this increase is not riba (interest), as it is not a loan.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/19604
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 19604
- Imported
- Translation status
- Source text, unreviewed
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