Taking a loan on interest to purchase a car

Q: When we take a car on loan from a bank and we pay extra money which is above the car price, is it permissible?

A: It is not permissible to take an interest bearing loan from the bank to purchase a car. The hadith has cursed the one who has any involvement with interest.

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


Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)