Q: can I trust a dealer who offers in house finance and how does this work?
A: Short answer, rather buy cash, even if it means buying a skorokoro.
Long answer. Despite the bad press extremist Muslim have given Sharia law, a Muslim finance package will offer you a transparent deal.
If you buy a car using the Ijara (operating lease) or Ijara-wa-iktana (finance lease) you will get actual money into your account and know up-front how much you will pay for the privilege. Western banks, on the other hand, do not ever lend you any money, but instead make money off your promise to pay lots of interest by selling your signature as a promissory note to other banks, and they still charge you interest. Not exactly Masha Alla.
