halal car financing

Car Loans in islam

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 CAR LOANS & PERSONAL FINANCING 24. Q: Is it permissible to take a riba-based loan to buy a car? A: No. Car loans that involve interest are not permissible if halal alternatives exist (e.g., in-house financing). 25. Q: What if luxury car brands don’t offer halal options (e.g., Mercedes)? A: That does not justify taking riba. One should choose a more affordable vehicle … Read more

Q & A – Islamic Finance

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📘 Q&A Collection: Student Loans, Riba, Mortgages & Halal Finance Dr. Mahmoud Omar Organized by Topic for Clarity 🎓 STUDENT LOANS & FINANCIAL AID 1. Q: Can a student take a loan just to access attached grants, if they already have enough money? A: Yes, if the loan is interest-free for a set period (e.g., … Read more