Purchasing a vehicle through islamic vehicle finance

Question ID: 26864
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Assalamualaikum,

I would like to know if it is permissible to purchase a vehicle through Islamic vehicle finance (FNB)?

Jazakallah

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Asked on May 19, 2014 4:09 pm
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Private answer

I do not know how this operates. However, if the bank buys the vehicle, then resells the same to you, then when there are two sales it will be permissible.

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Answered on May 19, 2014 4:09 pm