Question:
Answer:
Differentiating between the cash and the credit price in transactions is of two methods:
1. First method is that the seller places the two prices i.e. cash and the credit price before the buyer and leaves him/her to choose between the two and both the parties depart without agreeing on one of two transactions. For example the seller says that if you pay cash then the price of this item is 20 Rands and on credit is 30 Rands. This method is not permissible.
2. The second method is before making mention of the two prices; the type of transaction which the buyer wishes to enact should first be specified and agreed upon, either the credit or the cash transaction. If the buyer says that he wishes to enact a cash transaction then the price of the item should be forwarded accordingly (i.e. 20 Rands). If he wishes to enact a credit transaction then the price of that particular transaction should be forwarded as 30 Rands. This method is correct. (Imdaadul Fataawaa Vol. 3, page 20, Fataawaa Rahimiyyah Vol. 9, page 252-255, Fataawaa Darul Uloom Vol. 2 (Imdaadul Mufteen) page 860, Imdaadul Ahkaam Vol. 3, page 356, Fataawaa Rashidiyyah, page 479)
And Allah Ta’ala knows best
Qasim bin Hashim Limbada
Attested to as correct by:
Mufti Muhammad Ashraf
Darul Iftaa
Jameah Mahmoodiyah
Springs
22 July 2004
04 Jumaadul Ukhraa 1425