Fatwa: # 18828
Category: Misc. Fiqh
Country: United Arab Emirates
Date: 21st July 2010

Title

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

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

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

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