Paying for an item in installments
Question
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?
Answer
It is permissible.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.