Is it permissible to use interest free finance to purchase a car ?
Fatawa Question
Please can you explain if it’s permissible to use interest free finance to purchase a car. Some showrooms let you hire-purchase cars where it’s interest free, with no deposit. There is a scheme for certain company employees that allow the following deal : 8 % off rrp and 0 % interest. This seems to be a popular and easy way to buy latest cars. Please can you advise ?
Fatwa
Click hereto view more
Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2014-05-28
Country of Publication
United Kingdom
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-726232
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2014-05-28. Is it permissible to use interest free finance to purchase a car ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726232
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). Is it permissible to use interest free finance to purchase a car ?. Manchester England : al-Qalam Shariah Scholar Panel. 2014-05-28.
https://search.emarefa.net/detail/BIM-726232
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2014-05-28. Is it permissible to use interest free finance to purchase a car ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726232
