Answer
It is permissible to finance a vehicle provided the finance is structured within the Shar’ee guidelines.
You should approach your bank ? even if it is a normal conventional bank ? and request them to structure a deal in a manner that conforms to Shar’ee regulations. If you re unaware of these regulations, kindly contact us again.
and Allah Ta’ala Knows Best
Mufti Muhammad Kadwa
FATWA DEPT.
CHECKED AND APPROVED: Mufti Ebrahim Desai