Darul Iftaa Mahmudiyyah

Recently i went through a correspondence course prospectus in which the fee structure was mentioned like Total course fee Rs. 1,200/- in 12 instalments of Rs. 100 per month....

· 4 Rabiʻ II 1429 AH1 min readFatwa 16557English

Question

Recently i went through a correspondence course prospectus in which the fee structure was mentioned like Total course fee Rs. 1,200/- in 12 instalments of Rs. 100 per month. If we pay in lumpsum on joining the course fee is only Rs. 1,000. Could you plz tell me whether if i select to pay with the instalment scheme, is the excess Rs. 200 equal to interest according to Shariah.?

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatuh

The free structure is according to Shariah.

In effect if one pays a lumpsom amount, he will get a discount of Rs.200. The Rs.200 in the monthly installments of Rs.200 will not be interest.

And Allah knows best

Wassalam

Mufti Ebrahim Desai
Darul Iftaa

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/16557
Fatawa SA: https://fatawa.co.za/fatwa/askimam-16557

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