Vehicle finance with Wesbank and Albaraka bank

· 2 Muharram 1438 AH1 min readEnglish
Business and DealingsIslamic Financeislamic bankswesbankalbaraka bank

Question

Is vehicle finance with Wesbank or Albaraka bank permissible?

Answer

We are not yet clear about the workings of these banks, for we see striking similarities of riba and interest in both.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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