Assalamu Alaikum Wa Rahmathullahi Wa Barakaathuhu!
What do the learned muftis say about the issue that I want to buy a car on installments through Islamic banking. Is it correct or not? And if it is correct, from which bank should I buy it? And are there any conditions for it and what things should I avoid in it? Please guide me.
According to our information, Meezan Bank and Bank Islami are currently conducting their financial affairs under the supervision of a Sharia Board consisting of qualified muftis, therefore, it is permissible and correct for the questioner to purchase a vehicle on installments from both of the mentioned banks.
Permissibility and impermissibility of profits gained through Islamic banks
English 0 Islamic Banking