Is it permissible to take the remaining amount (85,000 Saudi Riyals) through the bank using a Murabaha system to purchase a car, with the amount being paid back to the bank in monthly installments?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Most banking transactions for obtaining a car take one of two forms: The first is forbidden, which is for a person to take an interest-bearing loan from the bank to repay in installments. The second is permissible, which is for the bank to buy the car and take possession of it, then sell it to the individual for a deferred price (murabaha).
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/35485
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- Original fatwa ID
- 35485
- Imported
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