Car lease on hire purchase : Islam's stance on leasing a vehicle

Fatawa Question

Dear Dr. Monzer, Assalamu Alaykum wa Rahmatullah wa Barakatuh, Is leasing a vehicle Halal or haram considering the following : 1. The leasing company factors in profit using a Riba calculation ? 2. Full coverage is required for the car. Jazakum Allahu Khairan for your constant help Yours, Sami

Fatwa

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Publication Date

2008-05-05

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-732314

American Psychological Association (APA)

Qahf, Mundhir. 2008-05-05. Car lease on hire purchase : Islam's stance on leasing a vehicle. .
https://search.emarefa.net/detail/BIM-732314

Modern Language Association (MLA)

Qahf, Mundhir. Car lease on hire purchase : Islam's stance on leasing a vehicle. 2008-05-05.
https://search.emarefa.net/detail/BIM-732314

American Medical Association (AMA)

Qahf, Mundhir. 2008-05-05. Car lease on hire purchase : Islam's stance on leasing a vehicle.
https://search.emarefa.net/detail/BIM-732314