Transactions & Dealings >> Other Transactions
Question ID: 7596Country: India
Answer ID: 7596Posted on: Sep 1, 2020
Bismillah hir-Rahman nir-Rahim !
(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 (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India