Paying for an item in instalments
Question
My question is,"I am a young person doing my job. I suffered from crises of income. My company's policy has been changed that each worker should have a smart phone to do whatsapp of any competeter activity in the market. While I don't have that phone and I don't have the payment power to purchase that cell phone on cash. So, I decided to purchase that on installment but some persons are making me tense that it is interest.(Sood). Please guide me is it sood?
Answer
If the instalments are fixed for a fixed period then this is not sood and interest.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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