Sale item not being specified

Q: I went to buy some jewellery. A salesman there told me that there is a scheme where I have to pay 11 instalments in advance and the 12th instalment will be paid by the jewellery company as a bonus or discount. I can then buy any gold jewellery of my choice after 11 months. Is this allowed in Islam?

A: This arrangement is not correct because the product sold is not yet specified. In a Shar’ee transaction, the sale commodity has to be specified.

 

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)