Q: Wholesalers often sell to retailers large stocks on a credit period and for this credit period they often charge a little higher price for the stock then those making cash sales. It is clear that retailers purchase big stocks and cannot pay for that upfront and often prefer to purchase on credit. Does that little higher price charged for the credit period amount to interest? A house hold appliances wholesale business is in question.
Q: Would it be permissible to sell a good on credit for a price higher then the normal cash price? The customer buying on credit will pay in equal installments based on the price agreed upon at the outset of the transaction.
Q: Mai ik electronics company mai as an internal auditor kaam krta hu mera sawal ap sy ye hy k jaha mai kaam krta hu yaha pr cash sale k sath sath installment pr bhi products sale ki jati hain. muhy ye puchna hy k installment ya lease pr products sale krna or esi jaga pr job krna shi hy ya haram hy?
Q: Mai ayk taajir hu. Hamare yaha mumbai mai bazaar mai jo dukaan wale hote hai agar unse koi cheez le aur fauran paise de de to alag rate hota hai aur agar udhari pe cheez le to alag rate hota hai. (masalan 1 furniture ki dukan mai se furrniture ke paise namad de diye to 1000 rupaye rate ,agar paise 2 hafte mai doge to 1500 rupaye rate). Kya aisa karna 1 taajir ke liye sahi hoga?
Q: Is installment business halaal or haraam in Islam. Explaination: Company XYZ purchasing Product from Market in 1000 Rs. and Sell it on 2000 RS (double Rate) in 20 installments (100 Rs per day). One recory man is reserved for it for Recover Payment from Buyer Shops. (Recory man Salary is about 15000/month) But ON Cash Payment, Company Sale Same Product in (1500 RS). Is this type of business is halal or Haram in Islam.
Q: A person wishes to purchase a stove on credit from Makro (for example). The cash price of the stove is R5000. However, Makro says that if you wish to purchase it on credit, there will be a certain percentage interest rate. Hence purchasing it on credit will cost R5800 over 20 months at R290 per month. Makro says that the installment will NOT fluctuate during the months. Every month it will certainly remain at R290 till it's fully paid. When he purchased it, he ignored completely what they had to say about the 'interest rate', and his intention was that they are merely changing the price of the stove and just making more profit on him since he's buying it on credit. Is he guilty of ribaa in the above mentioned case?
Q: The matter is that I have bought a bike. The original price of the bike is almost 40,000 rupees. But I have bought this bike on installments. So, I have paid 24,000 rupees in advance to owner of the shop and remaining 24,000 rupees I have to pay in installments of 8 months with monthly amount of installment is 3000. So, basic thing I want to ask Is this thing came into the radar of Interest according to teachings of Islam or not? I am looking forward for your detailed answer anxiously with complete proof according to teachings of Islam. I shall be very thankful to you.