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Islamic approval for installment car purchases
The Dar Al-Ifta confirmed that purchasing a car through installment payments with a fixed total price and a known repayment period, agreed upon during the contract meeting, is a valid Islamic transaction. It also clarified that this type of transaction does not conflict with the prohibition of "two sales in one sale," because it was conducted in accordance with Shariah conditions. The buyer chose the price, the contract was recorded before the parties parted ways, and the seller did not stipulate that he sell anything to the buyer or lend him money to complete the deal.
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