Is car Insurance allowed in Islam? My friend have car and he is afraid if somebody big car like BMW,MERCEDEZ,FERARY hit him how can he pay the huge amount. But if he make insurance he will be safe side.
In order for you to lease a car, there has to be a number of conditions to be fulfilled:
1- The insurance must be on the company leasing you.
2- The maintenance must be on the company leasing you with the exception of operational maintenance such as oil etc.
3- There shouldn’t be another contract stating that you will own the car afterwards as this involves two contracts in the same deal.