I want to buy a car from the bank by renting the car? Renting a car is to pay 20% of its value without taking…
I want to buy a car from the bank by renting the car? Renting a car is to pay 20% of its value without taking a loan, followed by monthly installments during the lease term. Therefore, it is a rental and not a purchase. Is this permissible?
Answer
In the name of Allah, if the bank is buying the car and paying its price to the car seller, and you pay the price along with paying the rent in the period agreed upon between you and the bank, then it is permissible. Allah knows best.
Source:alnajafy.com · alnajafy.com
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