Receiving discount if instalments are paid prior to the due date

Q: I'm buying a flat in installments. The company is giving discount if I pay the installments prior to the due date. Is it interest? Is it halal?

A: It is incorrect.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)