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Question ID: 3076Country: Saudi Arabia

Title: What is the difference between Islamic Car Financing and simple car Financing. I have a bank account in an Non Islaic Bank. Account Type is PLS-Saving, this is allow in islamic way or not?

Question: What is the difference between Islamic Car Financing and simple car Financing. I have a bank account in an Non Islaic Bank. Account Type is PLS-Saving, this is allow in islamic way or not?

Answer ID: 3076Posted on: Aug 30, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1484/1311=B)

Ask this to any bank expert. We do not know what is PLS-saving. However, it is better for you to contact Mufti Taqi Usmani in Pakistan itself; he has expertise in this field.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: What is the difference between Islamic Car Financing and simple car Financing. I have a bank account in an Non Islaic Bank. Account Type is PLS-Saving, this is allow in islamic way or not?

Question: What is the difference between Islamic Car Financing and simple car Financing. I have a bank account in an Non Islaic Bank. Account Type is PLS-Saving, this is allow in islamic way or not?

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