Question
There are many companies in different countries of the world including Bangladesh who buy and sell places and houses. The condition for payment is that if you pay once, you have to pay less and if you pay in installments, you have to pay a little more. My question is, what is the interest on the extra money in installments? Is such buying and selling permissible? 2574494338
Answer
- حامداومصلياومسلما، بسم الله الرحمن الرحيم -
It is permissible to buy and sell in installments at a higher price than cash. However, in case of sale of installments, the following conditions should be observed-
- The price of the product and the date of receipt should be specified.
- After the price of the product is finalized at the time of the contract, the price cannot be increased again due to delay in collection of installments or increase in the price of the product.
- Products cannot be withheld for installment collection; Rather, the product must be explained to the buyer after the contract. 9661424528
- والله اعلم باالصواب -
* This Fatwa was translated by Google Translate.
To see the original click here
Source
- মাজাল্লাতু মাজমাইল ফিকহিল ইসলামী জিদ্দা, Part: 7, Page: 2
- বাইউত তাকসীত ওয়া আহকামুহু, সুলাইমান আততুরকী, Page: 228
- বুহুস ফী কাযায়া ফিকহিয়্যাহ মুআছিরা, আল্লামা তাকী উসমানী, Part: 1, Page: 7
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