Can I borrow money from my dad? More context in description.
I want to buy a car, all cash.
My dad has the money.
He will gift it to me if I ask but don't won't to do so.
Instead can I borrow and pay him back monthly with a premium?
Let's say the car is 20k and I pay my dad 23k over the course of 2 years.
Reason I want to borrow from my dad is because if death comes to me this dept would be made halal.
Reason I want to give a premium, With inflation and all, he is only going at a loss. I don't want him to feel that his money is returning to him slowly at a loss. So the premium is to keep up with inflation and seem like he did not lose by lending it to me.
Also paying the premium makes me more comfortable to ask my dad.
I know about interest, the premise here is similar but I am the one who want to pay the premium. I hope my intention is clear here, ask questions to better understand what I mean.
Would like some advice.