Buying Car on Installment is haram or halal by dr zakir naik,#drzakirnaik #installments #emi#islam

buying Car on Installment is haram or halal by dr zakir naik, qatar
#drzakirnaik
#zakirnaik
#peacetv
#islam
#installments
#emi
#car
#islamicvideo
#islamicstatus
#islamic

[@ubaidrehman2548]

JazakAllah sir❤ thankyou for your guidance

[@AmirHamza-mb8dm]

In India when we delay EMI date the finance company add some penalties, is it riba ?

[@desaint0]

in that case why Dr Sb is of opinion that home mortgage is Haram?

[@SyedIqbal-jk9mu]

But in India Bank is taking extra money in the name of Interest...

[@SaleemMemon-u6d]

❤

[@Musahuk_0440]

Love u

[@toha127]

But if a Islamic bank comes with credit card and pay the payment to the seller and take back the extra cost ftom buyer in EMI?

[@RehmatDeen]

That's the question. I bought a car on hire purchase. The bank paid for it, now I'm paying them back. But they didn't lend me money to do as I please, they bought the car, so is it riba? I don't know. From my perspective, it's just monthly installments, and the price is fixed

[@jerrysingh2269]

But if I am giving my car on installment to someone on a higher price, is putting a penalty on late payment Haram? Because otherwise everyone would pay late

[@user-et1vz2ru6l]

There is no islamic bank in Islam.. All are fake... Religion business. Actually riba is when your 20% yearly saving not goes to miskeen ( 5 to 8 category). Every person businessmen, officeworker👷, job etc if they save something after his expenditure in a year, this amount is profit and must give 20% of this saving amount to 5 to 8 categories in Quran.