Car lease on hire purchase : Islam's stance on leasing a vehicle
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 helpYours, Sami.
Subjects: Automobiles; Usury; ٌLeasing