i would like to know due to tax purposes is it permissible to finance a vehicle
Question
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i would like to know due to tax purposes is it permissible to finance a vehicle
Answer
It is permissible to finance a vehicle provided the finance is structured within the Shar?ee guidelines.
You should approach your bank ? even if it is a normal conventional bank ? and request them to structure a deal in a manner that conforms to Shar?ee regulations. If you re unaware of these regulations, kindly contact us again.
and Allah Ta'ala Knows Best
Mufti Muhammad Kadwa
FATWA DEPT.
CHECKED AND APPROVED: Mufti Ebrahim Desai
- Answered by
- Mufti Muhammad Kadwa
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