Vehicle finance with Wesbank and Albaraka bank

Q: Is vehicle finance with Wesbank or Albaraka bank permissible?

A: We are not yet clear about the workings of these banks, for we see striking similarities of riba and interest in both.

And Allah Ta'ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)