Car leasing agreements

Question

as salam o alikum

                             bhai C.S.D (canteen stores department    which comes under army) ya islamic banks (BANK ISLAMI / MEEZAN BANK) say installments py gari (car) laina jaiz ha ya nahi ?

Answer

wa alaikumussalam

 Leasing based agreements as launched by Islamic banks ,named, r lawful n permissible  in the sight of Sharia, however hire purchasing or financial leasing practiced by conventional banks and leasing companies is unlawful.