The ruling on buying a car on installments through a bank
Machine translationRead the Arabic original
Question:
Is it permissible to buy a car through a bank, where the bank sells it for a price higher than its original price, in monthly installments over a period of six years? Up to now.
Answer:
If the bank owns the car or anything else, it is impossible. It owns it. The output. Until you apply to it. Yes. You own it. You bought it from him for a spot price or a deferred price. Yes. Their statement is ready. Correct and from the morning. This is a permissible matter, whether in one installment or multiple installments; it is all permissible. This.[Al-Baqarah 2:275]. Ten. The Prophet (peace and blessings be upon him) bought on credit. O Abu al-Sabah.
Is it permissible to buy a car through a bank, where the bank sells it for a price higher than its original price, in monthly installments over a period of six years? Up to now.
Answer:
If the bank owns the car or anything else, it is impossible. It owns it. The output. Until you apply to it. Yes. You own it. You bought it from him for a spot price or a deferred price. Yes. Their statement is ready. Correct and from the morning. This is a permissible matter, whether in one installment or multiple installments; it is all permissible. This.
But Allah has permitted trade and has forbidden interest
وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا
Source
قناة «العلامة الدكتور صالح الفوزان»، 20 من 27|دروس التفسير في الحرم المكي|تفسير سورة آل عمران|137-148|صالح الفوزان|كبار العلماء — youtube.com (1:04:21)
The Arabic text is a machine transcription of the audio recording.