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Old 5th November 2007, 11:48   #21 (permalink)
mrh339
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Quote:
Originally Posted by HappyMan View Post
so the dealer is using the potential discount he would offer you to pay the interest on the loan you are to take. I don't want to get into a religious argument or anything like that, but aren't we just playing semantics here. I am not sure of the financial implications but realistically speaking if you take the figures from 'TheFace' then you should be able to get the car for £16000 against £17200 you will pay, so the dealer is using the £1250 difference to fund interest so aren't you paying interest anyway?

Again, I don't want to offend you in any way I am simply confused and I apologise now if I have offended you.

According to the Koran, it is forbidden for Muslims to pay interest and therefore it is impossible for them to borrow money in the traditional way.
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