What is the ISLAMIC ruling of taking a car loan?

mrlog

VIP
i did the calculation, if i continue to pay monthly, the total price will change with a surplus of 1500.00 going to the bank, but if i pay it early, i will only pay the amount agreed upon. So the bank depends on me paying monthly until agreed time. No penalty for paying it off early. I will pay it off on my first bill, that way, i can get what i want.

1) it will immediately reflect on my credit score that i paid my loan quickly

2) of course saved myself from dhembi

I beg to differ walaalo
Paying off credit too quickly has a bad effect on ur credit score.
They prefer if u pay the agreed amount regularly.

Think of it this way, would @Reiko be happy if u paid the hagbad all at once?
I doubt it, couse it would defeat the whole purpose
 

Basra

LOVE is a product of Doqoniimo mixed with lust
Let Them Eat Cake
VIP
I beg to differ walaalo
Paying off credit too quickly has a bad effect on ur credit score.
They prefer if u pay the agreed amount regularly.

Think of it this way, would @Reiko be happy if u paid the hagbad all at once?
I doubt it, couse it would defeat the whole purpose

Look at this way-- if u have a credit card, u go buy something expensive, large amount and then pay it off in your next bill. U r showing the credit card company u r paying your bills


Next time u will get a letter saying they have increased your credit line
 

VixR

Veritas
Basra, you need multiple, on-time payments to make a dent in your credit score going up.

One mass payout on the first bill isn’t going to do much. They’re looking for consistency.
 

Basra

LOVE is a product of Doqoniimo mixed with lust
Let Them Eat Cake
VIP
Basra, you need multiple, on-time payments to make a dent in your credit score going up.

One mass payout on the first bill isn’t going to do much. They’re looking for consistency.


Hayee thanks for your input....
 
Dear Sheikh

I know the proceeds of welfare money that I receive is from the taxes collected by all kinds of Haram businesses including RIBA making businesses like the banks and other financial institutions, alcohol production and sellers, bars (straight and lgbtq bars), legal filmmaking houses and distributors, strip joints, brothels, gambling places and many more un-Islamic businesses. This is the type of income I receive as a single mother of six children, why can’t I buy a car on riba?

Thanks in advance.

Kind Regards

Basra laba suuleey
 

Basra

LOVE is a product of Doqoniimo mixed with lust
Let Them Eat Cake
VIP
If you go to hell for taking a car loan payment , God must live the rich. Only the rich could afford cash on the spot.

Then again.... God has made the earth a paradise for the rich.


I reject your energy.
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