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Can I purchase a car with a bank loan?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
ASSALAMO ALYKUM W.W. I want to puchase a car on bank loan. Whether it is jaeez?if yes in what ways?if no what is the way to puchase a car saving my skin from the lanat of interest? please find the way.


(Fatwa: 974/974=M/1429)

The permissible way to purchase a car while keeping off from interest is that you should not take loan from the bank, but the bank itself purchases a car and includes the additional amount i.e. interest which could be taken on loan, with the actual price and then sells it to you. You can pay the full price in one time or in instalments as per your dealing.

Allah (Subhana Wa Ta’ala) 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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