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Taking a loan on interest to purchase a car

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: When we take a car on loan from a bank and we pay extra money which is above the car price, is it permissible?


A: It is not permissible to take an interest bearing loan from the bank to purchase a car. The hadith has cursed the one who has any involvement with interest.

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

Answered by:

Mufti Zakaria Makada

Checked & Approved:

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.

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