Title: I want to puchase a car on bank loan. Whether it is jaeez?if yes in what ways? if no what is the way to puchase a car saving my skin from the lanat of interest? please find the way.

Question: ASSALAMO ALYKUM W.W. I want to puchase a car on bank loan. Whether it is jaeez?if yes in what ways?if no what is the way to puchase a car saving my skin from the lanat of interest? please find the way.

Answer ID: 7596Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 974/974=M/1429)

The permissible way to purchase a car while keeping off from interest is that you should not take loan from the bank, but the bank itself purchases a car and includes the additional amount i.e. interest which could be taken on loan, with the actual price and then sells it to you. You can pay the full price in one time or in instalments as per your dealing.