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Is it permissible to take any items on instalments and paying more money to that item?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com

Is it permissible to take any items on instalments and paying more money to that item.because its not possible for me to pay the whole amount at a time, please reply.

Answer

(Fatwa: 314/314=M/1429)

It is permissible to purchase an item on instalment with additional price provided the price is fixed at the time of transaction.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

Original Source Link

This answer was collected from the official ifta website of Darul Uloom Deoband in India.