(+92) 0317 1118263

Ruling on Meezan Bank's car financing

Banking,Islamic Banking,Ruling on Meezan Bank's car financing

Fatwa No :
78019
| Date :
2024-09-11
جدید فقہی مسائل / بینکاری / اسلامی بینکاری

Ruling on Meezan Bank's car financing

Assalamu Alaikum wa Rahmatullahi wa Barakathuhu!
What do the learned Muftis say about the issue that I am a finance professional working in KSA, and I need a car for my use in KSA and also for my home use in Pakistan on installments, and I have studied some Islamic banking models like the car offered by Meezan Bank, which is supported by a fatwa. But as a finance professional I am not satisfied whether it is Halal or not and will it not be considered as interest?

الجوابُ حامِدا ًو مُصلیِّا ً

According to our information, Meezan Bank is currently conducting its financial affairs under the supervision of a Sharia Board consisting of qualified Muftis, therefore it is permissible and correct for the questioner to purchase a vehicle on installments from the said bank.

And Allah knows best
محمد کریم یعقوب عُفی عنه
دار الافتاء جامعه بنوریه عالمیه

Fatwa No 78019 Verify Now
0     2520
Related Fatawa Related Fatawa
  • The method of renting cars adopted in Islamic Banks

    Scanned   English   1 Islamic Banking
  • Ruling on Meezan Bank's car financing

    Unicode   English   0 Islamic Banking
  • Ruling regarding savings accounts on Islamic Banks

    Unicode   English   0 Islamic Banking
  • Ruling on purchasing a vehicle on installments from an Islamic Bank

    Unicode   English   0 Islamic Banking
  • Permissibility and impermissibility of profits gained through Islamic banks

    English   0 Islamic Banking
  • Taking a vehicle from Meezan Bank on Ijara Basis and Sharia status of takaful

    Unicode   English   1 Islamic Banking
  • Opening accounts in Islamic banks and using it's profits

    Unicode   English   1 Islamic Banking
  • The Operational Method of Meezan Bank and Its Shariah Ruling

    Unicode   English   0 Islamic Banking
  • Ruling on the Profit of Meezan Bank

    Unicode   English   0 Islamic Banking
  • Ruling on Conducting Transactions with Meezan Bank

    Unicode   English   0 Islamic Banking
  • Ruling on Meezan Bank and Bank Islami

    English   1 Islamic Banking
  • Ruling on the Profit Earned from Bank of Khyber’s Saving Account

    Unicode   English   0 Islamic Banking
  • Profit Given by Saudi Banks on Savings Accounts

    Unicode   English   0 Islamic Banking
  • Ruling on the Income Earned Through a National Savings Sarwa Account

    Unicode   English   0 Islamic Banking
  • Obtaining the ‘Mera Ghar Mera Aashiana’ Scheme from an Islamic Bank

    Unicode   English   0 Islamic Banking
  • Imposing Penalties for Late Payment of Installments by Islamic Banks

    Unicode   English   0 Islamic Banking
  • Obtaining a Loan from an Islamic Bank through the ‘Apna Ghar Apna Aashiyana’ Scheme

    Unicode   English   0 Islamic Banking
  • The Ruling on Opening a “Meezan Plus Saving Account” and Using Its Profit

    Unicode   English   0 Islamic Banking
  • Method of investment in Hotel Business

    Unicode   English   0 Islamic Banking
...
Related Topics Relative Topics