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Q&A Home » Living in the West

Credit from insurance companies

Last updated: 12th May 2006
Question ID: #1838
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What is the ruling on taking out car insurance from companies buy paying monthly installments, which costs more than paying a one-off fee, if someone cannot afford to pay the one-off fee?


Bismillah



Al-jawab billahi at-taufeeq (the answer with Allah's guidance)







Paying for car insurance this way is permissible.







And Only Allah Ta'ala Knows Best.
Mufti
Answer last updated on:
15th December 2012
Answered by:
Ulamaa ID 04
Website
Location: London
Mufti Qamruzzaman

London, UK