I personally believe that this is not permissible.

I reside in Saudi fr past four years n I am interested to buy a new car from Abdul lateef jameel agency as lease to own scheme. Please kindly advise if its halal or haraam to enter into that contract. They are showing tat it’s shariah board approved but I have doubt about that scheme. If it’s haraam or doubtful I wll avoid going into that contract. Please advise accordingly

Riba |