car in house financing

Car Financing Through Toyota: Bank vs. In-House

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Car Financing Through Toyota: Bank vs. In-House QuestionAssalamu Alaikum wa Rahmatullahi wa Barakatuh,I recently went to Toyota to finance a car. They told me they will give me the car through financing, and the monthly payments include interest. They said the price of the car will not change, but there will be interest added. My … Read more

Is in-house financing for vehicles always halal?

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QuestionDoes in-house financing for vehicles always comply with Shariah? Or are there any specific requirements we should follow? Answer: Praise be to Allah. Firstly: The principle of financing in Islam Financing in Islam must comply with the principles of Shariah, which forbid riba (interest) and emphasize valid contracts, clear terms, and ownership of goods before … Read more