The ruling on purchasing cars from riba (usury or interest) banks
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, he says: What is the ruling on purchasing cars or other items from riba banks if they own them, or if the bank says, "Go to the showroom, and either we will give you a check or we will buy the car for you"?
The Shaykh:
Go to the showroom.
The questioner:
Go to the showroom.
The Shaykh:
Either we give you a check or we buy it for you. This is invalid and not permissible because it is selling what they do not own. A fatwa has been issued stating that it is not permissible because it is selling what they do not own. However, if the car is in their possession and ownership, and they did not buy it with riba money, then it is permissible to buy it from them. But if it is from riba money, it is not permissible to buy it because it is haram (forbidden).
The presenter:
May Allah reward you. Honorable Shaykh, he says: What is the ruling on this phrase, "O Lord, the higher one"?
The Shaykh:
There are two conditions for purchasing from the bank. The first condition is that the car must be in their possession and ownership; they must not refer you to the showroom. The second condition is that it must not be from riba money. If it is from riba money, or contains any riba, then it is not permissible to buy it. Yes.
The presenter:
May Allah reward you,
Honorable Shaykh, he says: What is the ruling on purchasing cars or other items from riba banks if they own them, or if the bank says, "Go to the showroom, and either we will give you a check or we will buy the car for you"?
The Shaykh:
Go to the showroom.
The questioner:
Go to the showroom.
The Shaykh:
Either we give you a check or we buy it for you. This is invalid and not permissible because it is selling what they do not own. A fatwa has been issued stating that it is not permissible because it is selling what they do not own. However, if the car is in their possession and ownership, and they did not buy it with riba money, then it is permissible to buy it from them. But if it is from riba money, it is not permissible to buy it because it is haram (forbidden).
The presenter:
May Allah reward you. Honorable Shaykh, he says: What is the ruling on this phrase, "O Lord, the higher one"?
The Shaykh:
There are two conditions for purchasing from the bank. The first condition is that the car must be in their possession and ownership; they must not refer you to the showroom. The second condition is that it must not be from riba money. If it is from riba money, or contains any riba, then it is not permissible to buy it. Yes.
The presenter:
May Allah reward you,
Source
75-اللقاء الأسبوعي مع الشيخ صالح الفوزان - 04 — archive.org (20:55)
The Arabic text is a machine transcription of the audio recording.