Darul Iftaa Mahmudiyyah

Is selling on installments permissible?

· 17 Jumada I 1434 AH1 min readFatwa 25012English

Question

Is it permissible to sell by installments when the price of the product is increased?

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

It is permissible to sell products on installments on condition the final price of the product is agreed upon at the time of sale. [1]

And Allah Ta’āla Knows Best

Abdul Hannan Nizami,
Student Darul Iftaa
Chicago, USA

Checked and Approved by,
Mufti Ebrahim Desai.

References (Arabic / Urdu sources)

[1] (Introduction to Islamic Finance, pg.102)

الْبَيْعُ مَعَ تَأْجِيلِ الثَّمَنِ وَتَقْسِيطِهِ صَحِيحٌ (درر الحكام في شرح مجلة الأحكام، ج1ص 227، دار الجيل)

Answered by
Abdul Hannan Nizami
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/25012
Fatawa SA: https://fatawa.co.za/fatwa/askimam-25012

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