Interest loans to buy a car : buying a car on interest : [2]
Fatawa Question
Assalamu Alaikum, We know that giving and acceptation of interest is prohibited in Islam. But if there is any exception for it, that is, we will get vehicles for loan having interest. We want to pay an excess amount which becomes 10 or 15 percent more than the original cost of the vehicle. If we have not able to pay the loans in time, the interest of that occurrence will increase. If it is allowed to take the vehicle by paying these type interest.
Fatwa
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Publication Date
2002-08-17
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725776
American Psychological Association (APA)
Qahf, Mundhir. 2002-08-17. Interest loans to buy a car : buying a car on interest : [2]. .
https://search.emarefa.net/detail/BIM-725776
Modern Language Association (MLA)
Qahf, Mundhir. Interest loans to buy a car : buying a car on interest : [2]. 2002-08-17.
https://search.emarefa.net/detail/BIM-725776
American Medical Association (AMA)
Qahf, Mundhir. 2002-08-17. Interest loans to buy a car : buying a car on interest : [2].
https://search.emarefa.net/detail/BIM-725776
