Car lease on hire purchase : high cost of Islamic lease

السؤال

Dear Prof. Dr. Monzer Kahf, Assalamu Alaykum Sheikh, A fellow Muslim colleague in my work place needs to buy a used car which is worth Sri Lankan Rupees 700,000 / = (US $ 700) through leasing. He has inquired regarding this from an Islamic Leasing Company (Claimed as Shari’ah Compliant) here in Sri Lanka. Their main terms and conditions are as follows : 1-The Lessee (My Friend) will contribute an initial payment Rs. 100,000 / = 2-The lease period will be 03 years 3-The monthly lease rent will be RS. 28,200 / = (Total Cost = Rs.28,200 X 36 Months = Rs. 1,015,200 / =) 4-The ownership remains with the Lessor (The Leasing Company) till the completion of lease rentals. Technically the company is charging Rs.415,200 / = (Rs.1,015,200–Rs.600,000) in excess. In other words, the company is charging 69.2 % in excess. What is your opinion about this transaction ? Is it really Shari’ah compliant ? Appreciate your kind reply with this regard. Jazakallahu Khairan Regards, Azam

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2009-11-08

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• المصارف
• الفقه الإسلامي
• الشريعة الإسلامية
• الإسلام
• العقود
• التأجير
• نظام الحكم في الإسلام
• الأسعار
• التكاليف
• السيارات
• نقل الملكية
• الربا
• المصارف الإسلامية
• الإجارة المنتهية بالتمليك

عدد الصفحات

1

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-732516

• APA
• MLA
• AMA