Mufti Online — Madrasah Ta'leemuddeen

Is vehicle finance with Wesbank or Albaraka bank permissible?

Published as Vehicle finance with Wesbank and Albaraka bank

· 2 Muharram 1438 AH1 min readEnglish

Question

Is vehicle finance with Wesbank or Albaraka bank permissible?

Answer

We are not yet clear about the workings of these banks, for we see striking similarities of riba and interest in both.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/16280
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