Buying on Installment from Riba-Based Banks
Machine translationRead the Arabic original
Question:
Honorable Shaykh! Some riba-based banks offer car installment plans in a lawful manner. Is it permissible to buy from them?
Answer:
It is not permissible to buy from them because their funds are riba (usury or interest), and it is not permissible to purchase from them goods whose origin is riba and forbidden, because this encourages them and assists them in this falsehood. Yes.
Honorable Shaykh! Some riba-based banks offer car installment plans in a lawful manner. Is it permissible to buy from them?
Answer:
It is not permissible to buy from them because their funds are riba (usury or interest), and it is not permissible to purchase from them goods whose origin is riba and forbidden, because this encourages them and assists them in this falsehood. Yes.
Source
شرح بلوغ المرام من أدلة الأحكام [ صالح الفوزان ]، باب العارية — islamhouse.com (1:05:49)
The Arabic text is a machine transcription of the audio recording.