Home
Discover Islam
Quran Recitations
Lectures
Fatwa
Articles
Fiqh
E-Books
Women
Boys & Girls 
Enter Question
View By Subject
Fatwa Of The Week
Selected Fatwa
Fatwa CenterHis company wants to buy him a car with a Riba-based loan
Question
I work in a pharmaceutical company where they take a loan from a bank with intrest and buy me a car , where the company will pay the bank as long as I am employed there.
And in case I left the company before the loan setellment I SHAL PAY THE BANK .
Should I take the car
Answer
All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad 
is His slave and Messenger.
If the loan contract is concluded under your name in a way that you are the borrower, and the company pays the loan instalments to the bank on you behalf, and when you leave work, you will be obliged to pay what remains from the payment, then this is a Riba–based contract between you and the bank. Therefore, you are not permitted to enter this contract; for more benefit, please refer to Fatwa 81662.
However, if the contract is concluded between the company and the bank, and the company does this regardless of your consent and whether or not you want the car, then in this case, it is permissible for you to accept the car. Nonetheless, if the company borrows the money from the bank based on your consent and your wish for the car, then it is not permissible for you to ask this from the company as this leads the company to borrow money with Riba.
Allaah Knows best.
Search Fatwa
Fatwa Subject
