Selling on Credit: Is Charging More Permissible?

Answered by 

Shaykh Ebrahim Salejee

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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This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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