Financing a potential transaction via a financial institution
Question
Is it permisable as a motor car retailer to use a finance instituition for vehicle finance? A finance instituition means a third party company that has links with different banks.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuhu
Your question is unclear. Kindly submit the terms and conditions of the finance institution you refer to in order for us to issue a specific ruling. Moreover kindly provide further clarity as to the process involved in financing a potential transaction via a financial institution.
And Allah Ta’āla Knows Best
Mufti Ismail Desai,
Darul Iftaa
Checked and Approved,
Mufti Ebrahim Desai.
- Answered by
- Mufti Ismail Desai
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