Q 1: Some people may give loans for a fixed period of time. Thereby, a borrower may buy estates, cars, and similar goods. Thereafter,
the borrower mortgaged these sold goods as a deferred check to a bank.
What do you think regarding this transaction?
A:
If the transferee bank certifies the check, then it is permissible to consider it a legal mortgage. May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
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