Skip to content

Darul Iftaa Trinidad -Jaamia Madinatul Uloom

Gateway to your Islamic Knowledge

Primary Menu
  • Home
  • Fatawa
    • Aqidah (belief)
    • Salah (prayer)
      • Masjid & Waqf
    • Fasting
    • Hajj and Umrah
    • Women Related
      • Menstruation
    • Marriage & Divorce
    • Money & Finance
      • Zakaah & Sadqah
      • Inheritance
    • Social Issues
    • Spiritual
    • Consumables (Food & Drink)
    • Contemporary Laws
    • Prophetic life & History
    • Slaughter
  • Hadith
  • Classes
  • Articles
  • Jaamia Madinatul Uloom
  • About Us
    • Darul Iftaa Trinidad
    • Message from Mufti Ebrahim Desai
  • Contact
  • Ask a Question
  • Home
  • Is vehicle financing permissible?
  • Contemporary Law
  • Finance

Is vehicle financing permissible?

fatwa-tt July 30, 2019

Question:

السلام عليكم

I would like to purchase a car to get to work and home easier. I Currently Reside in South and work in the North and it is difficult for me to travel to and from work.

Are there any facilities in Trinidad that can facilitate financing of a vehicle for persons who cannot afford to purchase one outright?
I am looking for any type of vehicle that can take me from A to B.

I have looked at some Foreign used facilities who have said that they offer financing but after investigation, I found that they go through the Bank and it is basically a loan that is taken. I would like to avoid taking interest.

Answer:

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

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

At the outset, we commend you for your interest and sensitivity on adopting halal and abstaining from haram.

As you mentioned, the financing offered by the vehicle companies is generally an interest based loan, which is Haraam and must be avoided.

If one is unable to find a vehicle dealer who is ready to sell the vehicle on installments (without financing from a bank), then the only option is to approach the financing bank and ask for them to fully purchase the vehicle from the dealer, then resell you the vehicle on installments (accordingly the bank will still make their same profit).

However as Muslims, even in the absence of  proper Halal alternatives it is imperative we strive to abstain from Haram. The Muslim community should also endeavor to provide such Halal solutions for the Muslim community. We hope and make Dua that in the near future there will be such resources available for the Muslim community.

And Allah Ta’āla Knows Best

Mufti Arshad Ali

Darul Iftaa, Jaamia Madinatul Uloom (Trinidad)

www.fatwa-tt.com /www.jaamia.net

Continue Reading

Previous: Is a person traveling to Tobago considered a musafir?
Next: Is it permissible for a Muslim to sell items related to Christmas and other religions?

Related Stories

Is Takaful permissible? Is insurance permitted for a Masjid?
  • Finance
  • Masjid & Waqf

Is Takaful permissible? Is insurance permitted for a Masjid?

May 1, 2025
Participating in sports competitions that charge an enrollment fee and permissibility of prizes.
  • Finance
  • Social Issues

Participating in sports competitions that charge an enrollment fee and permissibility of prizes.

February 21, 2024
Abstaining from companies that support the massacre of our brothers and sisters.
  • Character and Morals
  • Contemporary Law
  • Featured Posts
  • Social Issues

Abstaining from companies that support the massacre of our brothers and sisters.

January 9, 2024
Marabella, Trinidad
Saturday, 7th June, 2025
11th Dhu al-Hijjah, 1446
SalatTime
Fajr4:26 AM
Sunrise5:43 AM
Zuhr12:05 PM
Asr4:36 PM
Magrib6:26 PM
Isha7:43 PM

ZakatFitrah

The Nisaab in Trinidad and Tobago is $50,730.TTD (gold) or $3,993.TTD (silver)

Calculated on 06 Feb 2025

Current Fitrah:

Sadaqatul Fitr/ Fidyah : $18.00 (ttd)

Featured

Zakaah Guide 2025 (Trinidad)

My Ramadhan guide (1446/2025)

The Fitnah of “Darul Arqam” and the ‘Mahdi Movement’.

The significance of Muharram & Aashura (10th Muharram).

Email Query to Darul Iftaa- Jaamia Madinatul Uloom

The Shari’ah ruling herein given is based specifically on the question posed and should be read in conjunction with the question. Fatwa-TT.com provides a reliable fatwa service to the Muslim community related to all aspects of a Muslim’s life including: Worship,business transactions, marriage, divorce, inheritance etc. with the ambition to enhance and deepen the understanding of Islam and strengthen the relationship with Allah Ta’ala. We bear no responsibility to any party who may or may not act on this answer and is being hereby exempted from loss or damage howsoever caused. Any or all links provided in our emails, answers and articles are restricted to the specific material being cited. Such referencing should not be taken as an endorsement of other contents of that website.

Contact us: jmudarulifta@gmail.com

© 2021 Copyright Darul Iftaa Trinidad All rights are reserved

Copyright © All rights reserved. | MoreNews by AF themes.