Mufti Online — Madrasah Ta'leemuddeen

Taking a loan on interest to purchase a car

· 28 Rajab 1440 AH1 min readEnglish

Question

When we take a car on loan from a bank and we pay extra money which is above the car price, is it permissible?

Answer

It is not permissible to take an interest bearing loan from the bank to purchase a car. The hadith has cursed the one who has any involvement with interest.

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

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/29231
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-29231

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