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Question # : 7596

India

ASSALAMO ALYKUM W.W.
I want to puchase a car on bank loan. Whether it is jaeez?if yes in what ways?if no what is the way to puchase a car saving my skin from the lanat of interest? please find the way.

Answer : 7596

Published on: Oct 22, 2008

بسم الله الرحمن الرحيم




(Fatwa: 974/974=M/1429)





The permissible way to purchase a car while keeping off from
interest is that you should not take loan from the bank, but the bank itself
purchases a car and includes the additional amount i.e. interest which could be
taken on loan, with the actual price and then sells it to you. You can pay the
full price in one time or in instalments as per your dealing.



Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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