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Can I buy an old bike or car which is initially bought on loan by first or second owner?

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
Can I buy an old bike or car which is initially bought on loan by first or second owner?

بسم الله الرحمن الرحيم

(Fatwa: 313/267/D=3/1439)

 

Yes, you may buy the bike from that owner who first bought it on loan provided he has paid the loan himself or he takes the responsibility to pay it.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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