Transactions & Dealings >> Interest & Insurance
Question ID: 48219Country: India
Answer ID: 48219
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1274/988/D=11/1434) The bank should buy the car from the company and when it comes in its possession then it should sell it as murabiha by adding 5% on the selling price. This is lawful. Then it is lawful whether the takes full price from you in cash or takes some money in cash and the remaining amount in instalments.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India