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Renting a car with the option of purchasing it after the rental period

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: A person has rented a new car on long term, three years. After three years the value of the car is evaluated. If you want you can buy the car. Is this type of transaction permissible?

Bismillaah

A: It is permissible.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)


Original Source Link

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.