Mufti Online — Madrasah Ta'leemuddeen

Paying for an item in installments

· 6 Jumada II 1440 AH1 min readEnglish

Question

I am in need of money. If I buy something like a mobile phone on installments and then I sell it because I need the money, and pay the installments every month, is it permissible or does it come under interest?

Answer

It is permissible.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/28573
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-28573

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