Published 8 years ago
Last updated 5 years ago
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.
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