Buying in Installments
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Modified on: Tue, Sep 10, 2019 at 10:31 AM
Kindly refer to the following link(s):
https://www.assimalhakeem.net/i-am-buying-it-from-shopmall-and-the-price-is-fixed-i-am-not-able-to-pay-that-much-amount-in-one-time-so-that-i-want-to-convert-that-price-into-installments-i-e-emisequated-monthly-installment/ (website)
Buying something with an increased price on installments is halal or not?
Is Buying on Installments at a Fixed Price, permissible in Islam?
Answer:
If the price is fixed and you are buying from the owner and there isn’t any way that the installments would increase more than what was agreed upon initially, this is permissible.
And Allah knows Best
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