- EN (English)
Fatwa ID: | 87051 |
Title: | I own a used car dealership! |
Category: | Jobs & Works |
Scholar: | Dr. Hatem al-Haj |
Date: | 07/02/2012 |
I am a Muslim and own a used car dealership in the USA. I sell my cars to people who can’t afford to pay cash up front for the cars they buy. All of the dealers in this country are using Financial Institutions to help their customers get loans Here is how it works:
1. I help him or her fill out an application form in the behalf of the Financial Institution.
3. I send or fax the application to the Financial Institution.
4. When the Financial institution approves them send me the money I'm asking for the car and the customer make the payment to the bank.I don't get any of the interests or other charges the bank charge.
Is it HALAL OR HARAM to help people deal with the Financial Institutions to get loans with interest?
All praise be to Allah, and may His blessings and prayers be on His last messenger, Muhammad,
You may let them finance the purchase through a financial institution without being directly involved in helping them do that.
Allah knows best.