25 Dhul-Hijjah 1440

In an Islamic bank they are askng the Customer to pay the down payment directly to the supplier/dealer (for example Car loan). Is it permissible?

By Admin
In Islamic Economy
Oct 14th, 2015
0 Comments
1094 Views

It can’t be an Islamic transaction if there is no risk on the bank and the bank didn’t acquire and possessed the car before the contract signing.

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