Mufti Online — Madrasah Ta'leemuddeen

FNB Islamic banking

· 18 Rabiʻ I 1438 AH1 min readEnglish

Question

Please may I enquire on whether it is permissible to finance one's vehicle by means of Islamic banking offered by FNB?

Answer

The finance programs that are offered in the banks seem to be very ambiguous and doubtful. Hence precaution requires that you don't subscribe for such finance.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/17384
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-17384

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