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Is Financing a Vehicle with FNB’s Islamic Banking Permissible?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: Please may I enquire on whether it is permissible to finance one’s vehicle by means of Islamic banking offered by FNB?

Bismillaah

A: The finance programs that are offered in the banks seem to be very ambiguous and doubtful. Hence precaution requires that you don’t subscribe for such finance.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.