Leasing Cars from Islamic Perspective
Dear scholars, As-Salamu `alaykum. Obtaining a car via a leasing company: If someone wants to obtain bank credit to buy a car or whatever, is he obliged to ask for this from a usurious bank, unfortunately not from Islamic Banks. The alternative of this is to obtain a car from a leasing company by paying regular rents each month with the option to buy at the end of the contract.The leasing company also applies the interest rate (usury rate) when calculating the rental charge. During the leasing period, the car remains the property of the leasing company. In the Islamic point of view, is this halal or haram? Jazakum Allah khayran.