6 Safar 1442

I get a car on lease and pay £1,000 no refundable deposit and £200 per month for 24 months and give the car back. Is this under Riba?

By admin
In Psychological and Social Problems
Mar 11th, 2014

It appears to me that this is a normal leasing or renting for a period of 24 months. There doesn’t seem anything wrong in it as you are not buying the car but only leasing it.

And Allah knows best

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