Buying properties on interest loans : option to pay or avoid interest in car purchase

السؤال

[Question one] : Dear Br. Monzer, I have found an offer called 50 / 50 : -50 % of the car value paid upfront -Remaining 50 % paid after 12 or 24 months -If one stays within the agreed timeframe no interest is charged (otherwise one can obtain a Riba based loan to finance the remaining 50 %, which is of course something I do not intend to do as the car is cheap enough for me to able to save up for the remaining 50 % within 24 months) Is this permissible ? Jazzak Allahu khair, Salam, [Question two] : I recently came across your advice concerning the purchase of a car on on Islam.net : http://www.onislam.net/english/ask-the scholar/financial-issues/new-transactions/450577-buying-a-car-with-interest-based-loan.html I live and work in Vienna, Austria and would like to buy a car for the family. We do not have any Islamic banks here, and the conventional banks do not offer any Shari’ah compliant products. We do however have several car dealers who have their own banks. For example Audi, Volkswagen or Skoda are all owned by the Porsche Group and offer financing models through the Porsche Bank. I would like to avoid engaging in Riba, but was left somewhat confused by your advice. Did I understand you correctly ? If I buy the car on installments through the Porsche Bank, would this be permissible according to Shari’ah ? Isn't this the same as a loan though? Thank you very much, Jazzak Allahu khair, Amr

جواب الفتوى

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تاريخ النشر

2012-08-13

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• الشراء
• السيارات
• الربا
• المدفوعات

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-729860

• APA
• MLA
• AMA