Car dealership helping the customer acquire a credit facility with interest
Submitted by user2 on Sat, 2022-02-05 08:06
Q: Is it permissible to own a car dealership whereby you sell cars to customers borrowing money from the bank and are paying interest?
From my understanding, even to witness the transaction is a sin. In this case we may be encouraging it to make a sale and helping the customer get finance. Is the profit from the sale halaal?
In some instances the banks give the dealers a kickback for arranging the finance with them, would this money be halaal?
A: To help acquire the credit facility with interest is impermissible. So you should not cooperate or help anybody to get the credit facility.
And Allah Ta'ala (الله تعالى) knows best.
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