May 18, 2022

Car Finance

(#139)

Asalamalaykum warahmatullahi wabarakatuhu mufti saheb 

I had a question regarding the sale of my car  Every now and then I am selling cars privately, I had a question regarding sales where the buyer uses a finance company to purchase the vehicle. Does the transaction become haram if I sign a sales agreement with the finance company. The agreement only states that I am selling the car as is to the buyer. The form is sent both to me and the buyer to sign on the agreement of the sale. There are no other document that I sign. 

Jazakallah Khair,

 

Answer

بسم الله الرحمن الرحيم

السلام عليكم و رحمة الله و بركاته

حامدا و مصليا و مسلما

Muhtaram

We have received your query dated 08/04/22, we apologise for the belated reply. This was due to various reasons such as the Darul Uloom being closed during the month of Ramadaan. Our answer is as follows:

The scenario which you have stated is permissible, as long as one is dealing directly with the purchaser and one is not directly associated in the bank dealings.

And Allah Ta’ala knows best

Answered by:

Muhammad Irshad Motara

16th Shawwal 1443

16th May 2022

Checked and Approved by:

(Mufti) Musayyab Sahib

16th Shawwal 1443

16th May 2022

Leave a Reply

Your email address will not be published. Required fields are marked *