Transactions & Dealings >> Interest & Insurance

Question ID: 4878Country: India

Title: My friend is a car dealer.Most of the costomer ask him to get Car Loan sanctioned for them. Is it appropriate for him to do so?

Question: My friend is a car dealer.Most of the costomer ask him to get Car Loan sanctioned for them. Is it appropriate for him to do so?

Answer ID: 4878Posted on: Aug 30, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 514/514=M/1429)

It is unlawful take car loan needlessly without any exigent compulsion.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

Related Questions

Q. What can be done with the interest amount credited in bank account 2986 views
Q. I WANT TO KNOW THAT IT IS LEGAL TO DO LIFE INSURANCE & TO BECOME LIFE INSURANCE AGENT IN THE EYES OF SHARIYAT. 4167 views
Q. I am here to ask a question about the usage of the compensation amount which someone gets if his/her child expires in an accident while on job. 1174 views
Q. interest on income 1203 views
Q. tax deducted at source 1577 views
Q. Dear Mufti sahib! my father deposited some money in the bank in 1997/98, at that time he doesn't know much about the interest, later on in 2008 he realized that extra money that bank will give to him is interest. so he decided to give the money to the deserved peoples. but my father died in august last year. i want to know. (1): that all the money of interest will be given to the deserved onces. or we are also able to keep some money of interest. because at the time of the deposit the value of the money was much greater than it is now. (2): if we are not able to keep the money, then to whom it may be given. (3): can we give it to our poor relatives, if they also know that the money we giving to them is the money of interest. 1435 views
Q. I want to know that can I purchase a two wheeler bike on the basis of finance 5320 views
Q. I am an American new Muslim. I wanted to know about the new "Islamic insurance called Takaful. I wanted to know if this insurance halaal according to the shariah of Islam? It has been launched in Pakistan and in South Africa and in South Africa most of the ulema say that this "Islamic insurance" is the same as the insurance of the commercial banks because the element of gambling and riba are still present. what is your opinion on this very important matter? Please answer. 1338 views
Q. Paying Income tax from interest of private and Govt banks 4528 views
Q. Using Bank Interest to cope with unexpected situation. 1288 views
Q. Right of children in the property 1238 views
Q. My name is sania, sir will u please tel me about making insurance policies is legal in islam or not, and if it is legal then will u please tel me only those policies which are legalised by Islam. 1412 views
Q. Getting interest from bank as only sole income for older people permissable or not and income from mutual fund company is permissible or not? 1371 views
Q. I am a Software Engineer employed in Software Company in Chennai. I have one doubt upon my job/salary being Haram or Halal. The narute of my job is to design and develop software for my > client. My client is into Investment Banking and Stock Trading Business, which they can use for their transactions involving interest ofcourse.The client pays to my company where I am working and in turn my company pays me the salary. a) So I want to know if creating sofotware for Bank/Other finnancial institues such as Investment Banking will be Halal. b) Will my salary be Halal. c) Most of the software companies are having their majority of the clients as Banks.So if at all it is HARAM to work in the software company working for Bank , then a lot of Muslim people are involved in this jobs.What do u suggest to them? 10339 views
Q. Insurance 1820 views

Total Questions: 9181

Faiths & Beliefs

Miscellaneous

Prayers & Duties

Social Matters

Transactions & Dealings

Title: My friend is a car dealer.Most of the costomer ask him to get Car Loan sanctioned for them. Is it appropriate for him to do so?

Question: My friend is a car dealer.Most of the costomer ask him to get Car Loan sanctioned for them. Is it appropriate for him to do so?

Related Questions