The Majlis Archive

Finance - Banking - Business The Majlis Vol 21 No 02, p.5

The warranty in my car has expired. The dealer is offering an extended warranty for R5,500 a year.

Question

The warranty in my car has expired. The dealer is offering an extended warranty for R5,500 a year. If anything breaks, they will fix it. Is this permissible?

Answer

The extended warranty is insurance hence not permissible.

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