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Can I buy any item from a shop on easy monthly installment?

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
Can I buy any item from a shop on easy monthly installment?

بسم الله الرحمن الرحيم

(Fatwa: 935/665/SN=8/1439)

 

If the shopkeeper deals it directly not through a bank and at the time of dealing the total price of the goods and the duration of installments is fixed then it shall be lawful to buy the goods in installment. Hence in the question mentioned above you may buy the goods in installments from the shop while maintaining the above mentioned conditions.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

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

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