Difference between Islamic & conventional Car Financing? Can PLS-Saving be used?

What is the difference between Islamic Car Financing and simple car Financing. I have a bank account in an Non Islaic Bank. Account Type is PLS-Saving, this is allow in islamic way or not?

Answer:

(Fatwa: 1484/1311=B)

Ask this to any bank expert. We do not know what is PLS-saving. However, it is better for you to contact Mufti Taqi Usmani in Pakistan itself; he has expertise in this field.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

Original Source Link

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

Tags: Bank, mani, taqi usmani

Link