Car financing by Islamic banks and the issues of title : holding the title in car finance

Fatawa Question

It is worth noting that the Islamic bank will hold the title to the car and it will not be mine until the loan is fully paid while the car will be mine on the first day when I deal with a conventional bank

Fatwa

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Publication Date

2012-09-21

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-730771

American Psychological Association (APA)

Qahf, Mundhir. 2012-09-21. Car financing by Islamic banks and the issues of title : holding the title in car finance. .
https://search.emarefa.net/detail/BIM-730771

Modern Language Association (MLA)

Qahf, Mundhir. Car financing by Islamic banks and the issues of title : holding the title in car finance. 2012-09-21.
https://search.emarefa.net/detail/BIM-730771

American Medical Association (AMA)

Qahf, Mundhir. 2012-09-21. Car financing by Islamic banks and the issues of title : holding the title in car finance.
https://search.emarefa.net/detail/BIM-730771