Fatwa #1882821 July 2010United Arab Emirates

My question is this Is a Car financing with Duabi Islamic bank acceptable as per Sharia? Waht are the points to remember

Question

Assalamu Alaikum

Jazakallah

Bashir Mohamed

Answer

In the name of Allāh, Most Gracious, Most Merciful

Assalāmu ῾alaykum wa Rahmatullāhi Wabarakātuh

Kindly forward us the documents pertaining to Motor Vehicle Financing via the Islamic Bank in Dubai and we will analyse it, seeing whether Shariah compliant or not.

And Allāh Ta῾āla knows best

Wassalāmu ῾alaykum

Dārul Iftā, Madrasah In῾āmiyyah

#10152Buying a Car on a fixed installment ...According to the bank (reserve bank laws) I have to insure this financed car. Would it be ok to then accept it with insuring the car?
#37957Can a person buy a car via Meethaq Islamic Bank's financing?
#7935Is the setting of prices different to the market price (incl. murabahah) halaal? The ‘murabahah’ method of financing done by modern ‘Islamic’ banks is a branch of riba
#26894What is the ruling on leasing or financing a new car that mandates full coverage insurance?
#36890Dubai Islamic Bank Salam Finance Loan Contract
#9221Car financing schemes that are being offered by banks nowadays...people argue that since we are using the car, extra money charged by banks is there to compensate for depriciation.Is this correct?
#160691. I saw this dream about 6 years ago but was always afraid to get a full interpretation. In my dream I saw ...2. I would like some advice on how to remember the Quran better. ...3. For my final question I would like to know if I am sinful for hurting anyone else’s feelings for not accepting their marriage proposals?
#44188Is Ansar Financing Sharia compliant?

Something wrong with this record?

Question

Answer

Related rulings