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20 / 06 / 2026
Financing a Company to Buy a Car
An Islamic financing company - as it claims - treats the transaction as follows: for example, to buy a car, the client pays a small down payment to the car owner, and then the company finances the rest. So can this transaction be halal, and from what perspective?
Answer
I say, and with God's guidance: The phenomenon is that it is a usurious transaction; due to the company not owning the car and then selling it to the customer, and God knows best.
