Is Car Financing Halal or Haram? A DETAILED Breakdown | HP, PCP, PCH Covered

🙆🏻‍♂️ Our investment arm, Cur8 Capital - https://cur8.capital

We get a lot of questions around car finance and the various different type of contracts available. So in this video we breakdown those contracts in detail to determine whether they're permissible or not.

Here's our written guide on the topic: https://www.islamicfinanceguru.com/ar...

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About us
We're Ibrahim & Mohsin - ex-city lawyers and authors of "Halal Investing for Beginners". We've been studying investments and the traditional Islamic sciences for 13+ years. Over the year we've been published by the Financial Times, the World Economic Forum, Foreign Policy etc.

Today we run a sharia-compliant wealth management platform that manages over $35m in assets. We make videos about investment, personal finance, careers, and entrepreneurship.

We do this to make downtrodden communities better-off. To take people of colour, Muslims, and minorities from being among the poorest in society to the richest.

For more about the team visit: https://www.islamicfinanceguru.com/ab...
To find out what we invest in, and invest alongside us visit: https://cur8.capital/

Remember, with investing, your capital is at risk. This is not financial advice. If in doubt, always talk to a financial advisor.

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TIMESTAMPS
00:00 - Introduction
00:35 - Who are we?
01:06 - What we'll cover in this video
01:24 - The best option (usually) when buying a car
02:57 - The perks of car finance
03:23 - Is a Hire Purchase (HP) finance halal?
07:25 - Is a Personal Contract Purchase (PCP) agreement halal?
12:28 - Is a Personal Contract Hire (PCH) agreement halal?
12:55 - Halal Alternatives
14:08 - Key issues to remove doubt
15:17 - Which of these do I use?

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Get in Touch:

If you’d like to talk or have any questions or requests, we’d love to hear from you. Tweeting @IFguru directly will be the quickest way to get a response, but if your question is more complex, feel free to drop us a line on our Forum http://forum.islamicfinanceguru.com/ - we and the muftis on the forum try to respond to every one!

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