Hire purchase

Q: I live in muscat. I bought my car on hire purchase. The total price of tyre car is 8000 rials but on hire purchase its 8500 rials. So firstly is this halal?
Secondly. Last month I couldn’t pay the car installment due to eid and ramadhaan so now they told me that I have to pay 5 rials to postpone that installment in the future so is this halal? The installment will be the same but I will have to pay 5 rials to delay this installment. Is this halal?

Secondly I bought a credit card and if I pay the money used by the card in 52 days then no interest will be charged but I have to pay a small amount
monthly that is for the card not for the money I use from the card so is this halal?

Bismillaah

A: If this price was confirmed from the inception of the sale then the sale is valid.

This is pure interest.

It is permissible.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)