Fatawaa

Subject : If someone bought a car from an interest-based bank and then sold it to another person, does the second person bear any sin if they use the car’s price to pay the installments owed to the bank?
Fatwa Number : 1422
Classified : Transactions & Marketing
Fatwa Type : Summarized Fatawaa

Question :

If someone bought a car from an interest-based bank and then sold it to another person, does the second person bear any sin if they use the car's price to pay the installments owed to the bank?


The Answer :

When the buyer purchased the car, it became their property, and the price became their responsibility. The bank acts as the seller's agent for receiving the payment. Therefore, there is no sin on the second buyer, God willing, as long as the bank does not impose an increase in the amount if a payment is delayed. And Allah The Almighty Knows Best.






Comments


Captcha


Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.