Buying a car on installment
Question
Kindly tell me what is the ruling for buying a new car on installment because in this case we have to pay extra money. Is this extra money considered as interest? And is it allowed to buy a car on installments?
Answer
If the person purchases the car directly from the seller and the price is fixed (no interest), however he is allowed to pay the entire amount in installments, it will be permissible.
And Allah Ta'ala (الله تعالى) knows best.
References (Arabic / Urdu sources)
قال ويجوز البيع بثمن حال ومؤجل إذا كان الأجل معلوما لإطلاق قوله تعالى { وأحل الله البيع } وعنه عليه الصلاة والسلام أنه اشترى من يهودي طعاما إلى أجل معلوم ورهنه درعه ولا بد أن يكون الأجل معلوما لأن الجهالة فيه مانعة من التسليم الواجب بالعقد فهذا يطالبه به في قريب المدة وهذايسلمه في بعيدها (هداية 3/21)
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
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