need your advice on finance company offering vehicles on lease basis for fixed duration on fixed price.
Cash Price of Toyota Car: 74,800K
now if i want to buy on lease basis financial company name Abdul Lateef jameel(KSA) offers me following calculations.
Down Payment: 17K
Monthly Payment: 1,500
Lease Period: 36M
Residual Payment: 35 % (24,415)
Total Cost: SR 94,813.
is it halal or haram in Islam. please advice
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Question ID: 34058