Paying for an item in instalments

Submitted by user2 on Thu, 2017-05-04 09:26

Q: 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?

A: 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)

Category:

Business and Dealings›Trade›Valid & Invalid transactions

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