Early settlement discount
Q:
1) We have customers who buy on credit. Is it permissible for us to tell them that we will give them a discount if they pay before the due date? For example, the customer purchases goods worth R100 000 on a three month credit basis. The customer is told, “If you pay within one month, you will receive a 10% discount”. Is this permissible?
2) I owe someone money through a cash sale, and there were no terms given for payment. If I ask the seller for a discount saying, "If I pay you tomorrow, will you give me a discount? From R10 000, will you make it R9 000?" and he accepts to give me a discount, will it be permissible?