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فرحان
An answer by Mufti Ebrahim Desai regarding Ferrari:
Nevertheless, owning a Ferrari motorcar is generally a sign to show ones richness and status. Sometimes owning a Ferrari now gives license to the owner to secure his place in the category of the super rich and elite. If the Ferrari is bought with this intention, it is not permissible as this will be tantamount to extravagance and will become a source of pride which is Haraam.
However, if the Ferrari is bought for investment purposes and the intention is solely to resell it on a profit, then it will be permissible to purchase it.
Lol, but if everyone bought it to sell it only, then who would drive it, or should it be driven only in the process between buying and selling? :)
I believe that if someone has loads of wealth and they give the dues of Allah, and are also very charitable etc, there's no harm whatsoever in buying and driving one's dream car, remember the advice given to Qarun? Imagine if your dad was a multi-billionaire and you had been seeing a bugatti growing up and you alway's drew pictures of them and kept posters on your room wall and your dad told you he'd buy you one if you did well in exams, would you normally say no? I mean, you can give it in charity later and if you're a celebrity and want to use that status and also drive a cool car, it might bring in ten times the price for the organization you donate it to just because you drove it, or maybe if you thought it was extravagant and the money should go to charity, you still might have hundreds of times the amount left in the amanah business account, will you give it all in charity? What of the business empire worth thousands of times more?
i don't think such limits would work but what would work is encouraging people to be very charitable if they have loads of wealth, that way they could get good in this world and in eternity, gain prayers and blessings, and avoid the jealous evil eye.
I don't say this because i'm very wealthy because i'm hardly so, but i have met and lived with people who own huge national factories and businesses and have learned to think from their stance too, i've observed their teenage children who often go abroad and live very luxuriously, buy everyone they know and hardly know presents, and even bought a teacher in the bookshop a few hundred pounds worth of books because he was so helpful and was flipping through a book he didn't intend to buy, their family is also so charitable to the extent that nobody in their distant relatives appears to remain poor or without a computer for kids studies (and that was in the 1990s in bangladesh), and even ministers come to beg money off them, they sponsor national cricket teams, and the adverts they have plastered around the country alone are probably worth quite a few bugattis.
Imagine telling them that it's haraam to buy a dream car when they're old enough?
Allah himself tells us that "you have a sense of pride in them as you lead them forth to pasture" so we have got to remember that to some people, driving a bugatti is less significant than what driving a bmw is for another person, and a new ford escort is for another person.
Where would we draw the limit on Allah's grace?
You do know that in some countries, less than 15% of the people own a mobile phone, imagine what the remaining 85% must think of iphone owners! Especially when they run out of food sometimes or when their child falls ill and they have to take them to a grimy hospital and even then, have to take the £3medicine from the kindhearted pharamist on credit? Could you justify even owning a watch, taking the bus when you could have walked, or buying pilau rice insted of the cheaper stuff?
Much better to let people freely make their choices within the halal, but make them also see the desperate need to help others.
Still, i can't help but smile when i see this car, i know i can't afford it but i know it's Allah's lawful gift to mankind and the owner should be grateful and hugely charitable and i refuse to be jealous and i defo wouldn't have any qualms about feeling the engine roar as i stepped on the gas at full throttle. I'm a bit of an adrenaline junkie and love the headrush that comes from dangerous speeds.
Also keep this in mind depending on your financial situation and intention:
Malik's Muwatta, Book 21, Number 21.1.3:
Yahya related to me from Malik from Zayd ibn Aslam from Abu Salih as-Samman from Abu Hurayra that the Messenger of Allah, may Allah bless him and grant him peace, said, "Horses are a reward for one man, a protection for another, a burden for another.
The one who has them as a reward is the one who dedicates them for use in the way of Allah, and tethers them in a meadow or grassland. Whatever the horse enjoys of the grassland or meadow in the length of its tether are good deeds for him. If it breaks its tether and goes over a hillock or two, its tracks and droppings are good deeds for him. If it crosses a river and drinks from it while he did not mean to allow it to drink it, that counts as good deeds for him, and the horse is a reward for him.*
Another man uses his horse to gain self reliance and up-standingness and does not forget Allah's right on their necks and backs (i.e. he does not ill treat or over-work them). Horses are a protection for him .
Another man uses them out of pride to show them off and in hostility to the people of Islam. They are a burden on that man."
The Messenger of Allah, may Allah bless him and grant him peace, was asked about donkeys, and he said, "Nothing has been revealed to me about them except this single all-inclusive ayat, 'Whoever does an atom of good will see it, and whoever does an atom of evil, will see it.' " (Sura 99 Ayats 7,8) .
http://www.tuba-archery.com/article/horse-hadith.html