Buying a car on interest

Submitted by admin on Tue, 2014-12-02 16:37

Q: I bought a car of Rs312000 by bank finance now I have to pay the bank Rs 453000. Rs 5300 per month upto 7 years. Now I realised that I have committed a great sin and every moment I am in tension because of this sin and I have no means to pay the whole amount as early as possible. Now what should I do for attainment of this sin.

A: Sincerely repent for getting involved in the grave sin of riba and make a firm resolve that you will not repeat this sin in the future. Pay off the loan as quick as possible.

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

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Interest and Gambling›Interest bearing loans & Transactions

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