16 Muharram 1441

IS BUYING CAR UNDER ISLAMIC AUTO LOAN ALLOWED IN ISLAM, I STAY IN DUBAI WHERE DUBAI ISLAMIC BANK PROVIDES ISLAMIC AUTO LOAN, bank name – dubai islamic bank can you please give me proper idea regarding this.

By Admin
In Halal/Haram Matters
Aug 20th, 2019
0 Comments
397 Views

ANSWER:

If they possess the car before you commit to buying it and then you have the choice to buy or decline, this is permissible in sha Allah, though I doubt that they would buy the car without making you first sign papers to commit to buying it from them and this is not permissible.

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