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Q: Is buying things in installments permissible in Islam? It does not come as sood (interest)? The actual price is different from the price when you buy it in installments.
A: If the price is fixed from the beginning and there will be no interest charged on late payment of the instalments, then it is permissible.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Zakaria Makada
Checked & Approved:
Mufti Ebrahim Salejee (Isipingo Beach)
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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