• Transactions & Dealings >> Business

    Question ID: 2644Country: India

    Title: Is it allowed to buy a car on loan?

    Question: Is it allowed to buy a car on loan?

    Answer ID: 2644

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 751/735=L)

     

    It is not allowed. But, if the bank includes the additional charge in the net amount and you buy it accordingly then it may be allowed.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India