The financing offered by the vehicle companies is generally an interest based loan, which is Haraam and must be avoided. |
If the purchase is made from the bank, then it is essential that the bank should own the car, or buy it for itself first, then sell it to you by instalments. |
It is not permissible to take any loans or finance which involve Riba (interest). It is advisable that you first try to purchase what is within your means. |
31 мая 2022 г. · Islamic Analysis · The lender must own the car. · There needs to be a clear option agreement (or clause) that needs to be exercised at the time ... |
11 июл. 2023 г. · The halal methods are the way to go, they may cost you more but it's halal and you'll have barakah because it's halal and you avoided interest ... |
23 дек. 2021 г. · The Islamic Fiqh Council has issued a statement that it is haraam for the seller or bank to demand payment of a penalty in the event of late ... |
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