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Car leasing

Fatwaa ID: 2047

Question:
Assalam-o-alaikum:

Is car leasing in US allowed islamically?

Answer:
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.

The permissibility of leasing a car in the US or any place is dependant on the details and the application of the contract. If the agreement is free from impermissible agreements or clauses, then it will be permissible. If it is simply a long term rental agreement without any interest, late fees, impermissible clauses, etc., then that is permissible. If there is a specific scheme you are considering, you may revert to us with details and we will advise accordingly.

And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York
https://askthemufti.us/

06/22/1445 AH – 01/05/2024 CE | 756

وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين

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