I am a working man with a small salary, and I do not have any other way to buy a car other than via the bank – in an arrangement whereby I rent the car [at a higher rate], which ends with me owning it.
Tag: hire purchase
Buying a car to sell to my friend for profit
Is it permissible for me to buy a car for my friend, which he wants; so I [intend to] buy it outright for cash, and then sell it to him on a payment plan with profit [for myself]?