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    Question ID: 35120Country: India

    Title: I am MD student. I want to buy a four wheeler which is my need

    Question: I am MD student. I want to buy a four wheeler which is my need. But I have no such a large amount like 3-4 lakhs. But can I buy a car on down payment giving about 1 lakh by cash and rest of money in installments? Is there any space for this?

    Answer ID: 35120

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1696/1165/L=1432) It is lawful to buy a car on instalments. However it is necessary to fix the amount at the time of dealing for example: I buy this car in four lakh cash and rest amount is due which I will pay in instalments. The price should not be kept unclear or conditioned with anything. Also one should not rely on bank for the same i.e. a bank pays amount and receives extra amount from the buyer. It is interest which is haram as per the Shariah. However if one deals with bank in this way that first the bank buys that car and includes as much amount as the bank wishes as interest in its original price and sells it to you and you pay it on instalments then it is allowable as per the Shariah.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India