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Buying in installments

Answered as per Hanafi Fiqh by Askimam.org

First I would like to thank and appreciate your efforts on the work .Sir,I live in Saudi Arabia and I am confused in buying a car.I do not have sufficient amount to buy car on cash,can i buy on installments.If so and if you know any companies or islamic banks here ,please guide me.I am in a state of confusion since 3 years as my father said its not correct to buy on installments.

Answer

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

As-salฤmu โ€˜alaykum wa-rahmatullฤhi wa-barakฤtuh.

It is permissible to buy a car on installments as long as the actual price of the car is known and the terms of payments is mutually agreed[1]. If there is a delay in payments, the seller cannot charge a penalty for the late payment as that will be interest. We assume the banks in Saudi Arabia are Islamic and offer Shariโ€™ah Compliant Finances. You may contact the banks and forward us their contracts for our observations.

And Allah Taโ€™ฤla Knows Best

Immad Bin Arshad

Student Darul Iftaa
California, USA

Checked and Approved by,
Mufti Ebrahim Desai.

www.daruliftaa.net


[1] ุงู„ุจูŠุน ู…ุงู„ุชู‚ุณูŠุท ุจูŠุน ุจุซู…ู† ู…ุคุฌู„ ูŠุฏูุน ุฅู„ูŠ ุงู„ุจุงุฆุน ูุน ุฃู‚ุณุงุท ู…ุชูู‚ ุนู„ูŠู‡ุง ููŠุฏูุน ุงู„ุจุงุฆุน ุงู„ุจุถุงุนุฉ ุงู„ู…ุจูŠุนุฉ ุฅู„ูŠ ุงู„ู…ุดุชุฑู‰ ุญุงู„ุฉ ูˆ ูŠุฏูุน ุงู„ู…ุดุชุฑู‰ ุงู„ุซู…ู† ููŠ ุฃู‚ุณุงุท ู…ุคุฌู„ุฉย ย  (ู‚ุถุงูŠุง ูู‚ู‡ูŠุฉ ู…ุนุงุตุฑุฉ ุฌ1 ุต7 ูƒุฑุงุฌูŠ)

ู…ุฌู„ุฉ ุงู„ุฃุญูƒุงู… ุงู„ุนุฏู„ูŠุฉ (ุต: 33)

(ุงู„ู’ู…ูŽุงุฏู‘ูŽุฉู 157) ุงู„ุชู‘ูŽู‚ู’ุณููŠุทู ุชูŽุฃู’ุฌููŠู„ู ุฃูŽุฏูŽุงุกู ุงู„ุฏู‘ูŽูŠู’ู†ู ู…ูููŽุฑู‘ูŽู‚ู‹ุง ุฅู„ูŽู‰ ุฃูŽูˆู’ู‚ูŽุงุชู ู…ูุชูŽุนูŽุฏู‘ูุฏูŽุฉู ู…ูุนูŽูŠู‘ูŽู†ูŽุฉู

ู…ุฌู„ุฉ ุงู„ุฃุญูƒุงู… ุงู„ุนุฏู„ูŠุฉ (ุต: 50)

(ุงู„ู’ู…ูŽุงุฏู‘ูŽุฉู 245) ุงู„ู’ุจูŽูŠู’ุนู ู…ูŽุนูŽ ุชูŽุฃู’ุฌููŠู„ู ุงู„ุซู‘ูŽู…ูŽู†ู ูˆูŽุชูŽู‚ู’ุณููŠุทูู‡ู ุตูŽุญููŠุญูŒ

(ุงู„ู’ู…ูŽุงุฏู‘ูŽุฉู 246) ูŠูŽู„ู’ุฒูŽู…ู ุฃูŽู†ู’ ุชูŽูƒููˆู†ูŽ ุงู„ู’ู…ูุฏู‘ูŽุฉู ู…ูŽุนู’ู„ููˆู…ูŽุฉู‹ ูููŠ ุงู„ู’ุจูŽูŠู’ุนู ุจูุงู„ุชู‘ูŽุฃู’ุฌููŠู„ู ูˆูŽุงู„ุชู‘ูŽู‚ู’ุณููŠุทู

(ุงู„ู’ู…ูŽุงุฏู‘ูŽุฉู 247) ุฅุฐูŽุง ุนูู‚ูุฏูŽ ุงู„ู’ุจูŽูŠู’ุนู ุนูŽู„ูŽู‰ ุชูŽุฃู’ุฌููŠู„ู ุงู„ุซู‘ูŽู…ูŽู†ู ุฅู„ูŽู‰ ูƒูŽุฐูŽุง ูŠูŽูˆู’ู…ู‹ุง ุฃูŽูˆู’ ุดูŽู‡ู’ุฑู‹ุง ุฃูŽูˆู’ ุณูŽู†ูŽุฉู‹ ุฃูŽูˆู’ ุฅู„ูŽู‰ ูˆูŽู‚ู’ุชู ู…ูŽุนู’ู„ููˆู…ู ุนูู†ู’ุฏูŽ ุงู„ู’ุนูŽุงู‚ูุฏูŽูŠู’ู†ู ูƒูŽูŠูŽูˆู’ู…ู ู‚ูŽุงุณูู…ูŽ ุฃูŽูˆู’ ุงู„ู†ู‘ูŽูŠู’ุฑููˆุฒูŽ ุตูŽุญู‘ูŽ ุงู„ู’ุจูŽูŠู’ุนู

(ุงู„ู’ู…ูŽุงุฏู‘ูŽุฉู 248) ุชูŽุฃู’ุฌููŠู„ู ุงู„ุซู‘ูŽู…ูŽู†ู ุฅู„ูŽู‰ ู…ูุฏู‘ูŽุฉู ุบูŽูŠู’ุฑู ู…ูุนูŽูŠู‘ูŽู†ูŽุฉู ูƒูŽุฅูู…ู’ุทูŽุงุฑู ุงู„ุณู‘ูŽู…ูŽุงุกู ูŠูŽูƒููˆู†ู ู…ููู’ุณูุฏู‹ุง ู„ูู„ู’ุจูŽูŠู’ุนู

ุงุณู„ุงู… ุงูˆุฑ ุฌุฏูŠุฏ ู…ุนุงุดูŠ ู…ุณุงุฆู„ (ุฌ3 ุต91 ุงุฏุงุฑุฉ ุงุณู„ุงู…ูŠุงุช)

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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