Fatwa: # 41977
Category: Business Matters
Country:
Date: 17th July 2019

Title

Standard Bank Finance Lease Vehicle

Question

As salaamu alaykum 

 

Standard bank offers a finance lease vehicle finance where at the end you may return the car, take ownership or extend the lease. Will this be permissible? 

 

Secondly is Absa Islamic vehicle finance permissible? 

 

Jazakallah 

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

 Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Muhtaram,

You may obtain the vehicle finance contract of Standard Bank and forward to us for our review and advice.

Kindly send the email to admin@daruliftaa.net 

 

And Allah Ta’āla Knows Best

Checked and Approved by,
Mufti Ebrahim Desai.

 

 

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