Car dealership helping the customer acquire a credit facility with interest
Question
Is it permissible to own a car dealership whereby you sell cars to customers borrowing money from the bank and are paying interest?
From my understanding, even to witness the transaction is a sin. In this case we may be encouraging it to make a sale and helping the customer get finance. Is the profit from the sale halaal?
In some instances the banks give the dealers a kickback for arranging the finance with them, would this money be halaal?
Answer
To help acquire the credit facility with interest is impermissible. So you should not cooperate or help anybody to get the credit facility.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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