Is leasing permissible ? : leasing and 401k retirement program
Fatawa Question
Assalamu Alaikum Wa Rahmatullahi Wa Barakatuh. I have two questions to ask you about with respect to Islamic financing. The first question pertains to leasing contracts. Is it permissible in Islam to sign a leasing contract for a car (new or used) ? If there is a percentage of profit in the leasing contract or not, does that make any difference ? The second question is with respect to retirement benefits. There is a retirement plan called the 401K which takes a monthly deductible and collects it until retirement. Is this permissible in Islam ? I thank you in advance and Jazakallahu Khair.
Fatwa
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Publication Date
2007-07-22
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-785438
American Psychological Association (APA)
Qahf, Mundhir. 2007-07-22. Is leasing permissible ? : leasing and 401k retirement program. .
https://search.emarefa.net/detail/BIM-785438
Modern Language Association (MLA)
Qahf, Mundhir. Is leasing permissible ? : leasing and 401k retirement program. 2007-07-22.
https://search.emarefa.net/detail/BIM-785438
American Medical Association (AMA)
Qahf, Mundhir. 2007-07-22. Is leasing permissible ? : leasing and 401k retirement program.
https://search.emarefa.net/detail/BIM-785438
