Interest In Helping To Finance A Car
If it’s a hire-purchase arrangement, then there is no question of interest. It would be a rent of 3,000$ charged over and above 5,000$ for the time the asset is being used till the complete payment of the principal. However, let’s say there was loan involved, in that case Bank is the one demanding interest on that loan, therefore bank is the one earning interest. The dealer however has to earn profit in his arrangements, his income is a part of that profit and he is not the primary earner of that interest. Although his earning is given to him from a pool of interest income, which a God-conscious muslim should avoid, but no explicit hurmat can be declared for his income. Irfan Shahzad Sahab ( @Irfan76 ) can add scholarly insight into this matter.