Q: I am in need of money. If I buy something like a mobile phone on installments and then I sell it because I need the money, and pay the installments every month, is it permissible or does it come under interest?
A: It is permissible.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Zakaria Makada
Checked & Approved:
Mufti Ebrahim Salejee (Isipingo Beach)