Different cash and credit price

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Would it be permissible to sell a good on credit for a price higher then the normal cash price? The customer buying on credit will pay in equal installments based on the price agreed upon at the outset of the transaction. 

Bismillaah

A: Yes, as long as the price has been confirmed from the inception of the sale.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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