The Ruling on Buying a Car Through a Bank
Machine translationRead the Arabic original
Question:
I wanted to buy a car, so the bank asked me for a quotation from the dealership. Then the bank buys the car from the dealership through a purchase contract, and then the bank sells the car to the customer through a sale contract. What is the ruling on this transaction?
Answer:
This is not valid, and this is all manipulation by the bank. If the bank wants to sell cars, it should secure them so that the cars are in its possession first. Then, when the customer or borrower comes, it sells him from the cars it has. But if it does not have cars and says, "Go to the dealerships and get us prices, and we will write their value on your account," while it does not own them beforehand, this is not permissible. Yes.
I wanted to buy a car, so the bank asked me for a quotation from the dealership. Then the bank buys the car from the dealership through a purchase contract, and then the bank sells the car to the customer through a sale contract. What is the ruling on this transaction?
Answer:
This is not valid, and this is all manipulation by the bank. If the bank wants to sell cars, it should secure them so that the cars are in its possession first. Then, when the customer or borrower comes, it sells him from the cars it has. But if it does not have cars and says, "Go to the dealerships and get us prices, and we will write their value on your account," while it does not own them beforehand, this is not permissible. Yes.
Source
دروس الحرم، درس التفسير من الحرم 12-08-1433هـ — alfawzan.live (55:43)
The Arabic text is a machine transcription of the audio recording.