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car loans in island

Buying a Car through Islamic Financing: What’s Allowed and What’s Not

May 11, 2025 by Dr. Mahmoud Omar

Question : When financing a car through Toyota, you can go through their own Toyota Financial Services . They still charge interest on the loan provided, why is this halal and how is it different then getting a mortgage through a bank? Answer: When you buy a car from a company like Toyota or any … Read more

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