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Charging a higher credit price

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: Is charging more than the price on an item if it is bought on installments permissible or not?


A: It is permissible to charge a higher price compared to the cash price if an item is being sold on credit and paid for in instalments.

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

Answered by:

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.