Renting a car with the option of purchasing it after the rental period

Q: A person has rented a new car on long term, three years. After three years the value of the car is evaluated. If you want you can buy the car. Is this type of transaction permissible?

A: It is permissible.

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


Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)