1 – Buying a car through the bank. This is not permissible unless two conditions are met:
(i) That the car should be owned by the bank. So the bank should buy the car for itself from the showroom, before selling it to you.
(ii) That the bank should take possession of the car by moving it physically from the showroom before selling it to you.
If both or either of these two conditions are not met, then the transaction is haraam.
See more information here:
Fatwa 1
Fatwa 2
Hadith on this issue:
the Prophet (peace and blessings of Allaah be upon him) said to Hakeem ibn Hizaam: “When you buy something, do not sell it until you have taken possession of it.” Narrated by Ahmed, 15399; al-Nasaa’i, 4613; classed as saheeh by al-Albaani in Saheeh al-Jaami’, no. 342.
These are the providers in UAE:
Dubai Islamic Bank
HSBC Amanah
Sharjah Islamic Bank
Good Luck & may Allah help us!
(i) That the car should be owned by the bank. So the bank should buy the car for itself from the showroom, before selling it to you.
(ii) That the bank should take possession of the car by moving it physically from the showroom before selling it to you.
If both or either of these two conditions are not met, then the transaction is haraam.
See more information here:
Fatwa 1
Fatwa 2
Hadith on this issue:
the Prophet (peace and blessings of Allaah be upon him) said to Hakeem ibn Hizaam: “When you buy something, do not sell it until you have taken possession of it.” Narrated by Ahmed, 15399; al-Nasaa’i, 4613; classed as saheeh by al-Albaani in Saheeh al-Jaami’, no. 342.
These are the providers in UAE:
Dubai Islamic Bank
HSBC Amanah
Sharjah Islamic Bank
Good Luck & may Allah help us!
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