Question

Paying upfront or leasing a car which on is worth? Even if you can afford it upfront. I am talking in a Pakistani context where people usually consider the car as an asset instead of a liability.

Answer 1

Depends on your circumstances, if you are some business man then taking hell amount of money out of your business is not a wise decision. You lease the car and invest rest of your money in business where it will yield you a profit equal to the value of that car or more, in two years. But if you are a salaried person, then you will end up paying more than half of the value of car in interest, and after 3 years or so you will be fed up paying instalments. This is why most of the people end up selling such cars without completing the purchase. So in this case upfront, though you may get Mehran and not Civic, is better option.

Comments

Thats the funny part of Pakistani economy We consider car as an asset because over the passage time it's value does't get decrease in term of Rupes. Because of currency devaluation

Answer 2

Suuud haram hai.

Comments

How it is suuud ?

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Because I got it from an insider. Islamic or conventional interest is the basis in the end.

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When we move out Pakistan, Suuud becomes something legal even in terms of Islam. Please explain this what Javed Ahmad Ghamidi Saab is explaining.

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Explanation makes some sense but let me check Dr Zakir(for me he is the goto Alim) and revert later

Answer 3

If you can afford upfront y chase the confusion

Comments

Bhai you can use same amount in hundred different places

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As per Dr Zakir “Car Ijarah” is permissible. Wallah Alam Bisswaab

Answer 4

Don’t move too fast wherever there is conflict don’t do that you will be safe... but basically there is no conflict at suud anyways for your understanding check this counter argument https://m.youtube.com/watch?v=1aWt6T6I6PY

Comments

His argument was totally illogical, I was not convinced

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Okie but if there is a conflict stay away from it at least you will be safe.. or otherwise go read Quran and sahi Hadith yourself

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Anyways my question was generic. Discussion is now moving in different directions

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No different direction. As a Muslims We have a clear direction for some steps. If you don’t want to move into those discussions or steps. I don’t want to argue

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Bhai he is saying that if you are getting extra profit or different profit for create thing then its also haram This fact destroys everything in a capitalistic society. LIke People buy property at X amount and sell it on totally different price. In IT services people sell same services in different rates mean they are earing haram/ suud. If you are keeping your money in Bank means your money becomes haram/suud. How can we call this haram? let Allah decide

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sure, let HIM decide.. no arguments

Answer 5

Orya isn’t in the same league as above mentioned scholars