March 28, 2018

Are the Islamic financial institutions allowed to re-buy a car from a client that the institution has financed? (it is to be known that the transaction has been made over a year ago and some of the installments have been paid and the car has been used by the client|)

Yes it is allowed, and that is because the care has been used so the purpose of (Bai’ Al-Aina) is absent in this case.