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The question

What is the ruling on an employer taking a large financial guarantee from an employee, exceeding the price of the car, in exchange for providing him with a car and a large salary, on the condition that each of them gets their money back at the end of the employment period, given the employer's need for this amount?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

This transaction is a loan from the employee to the employer, from which the employer benefits by repaying its equivalent after a period, in exchange for an increase in the employee's salary and his personal use of the car. This is forbidden because every loan that draws a benefit is usury (riba). Ibn al-Mundhir transmitted the consensus of scholars on the prohibition of a creditor stipulating an increase or a gift in a loan.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
142313
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.
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Read the full answer on Ftawy