• Transactions & Dealings >> Interest & Insurance

    Question ID: 157087Country: india

    Title: Can I buy an old bike or car which is initially bought on loan by first or second owner?

    Question: Can I buy an old bike or car which is initially bought on loan by first or second owner?

    Answer ID: 157087

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 313/267/D=3/1439)

     

    Yes, you may buy the bike from that owner who first bought it on loan provided he has paid the loan himself or he takes the responsibility to pay it.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India