The Ruling on Selling Goods on Installment
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, is it considered riba al-nasi'ah (usury of deferment)? Why is it used? The detail is in the detail for the sake of the detail.
Answer:
Selling goods on installment with a deferred price is permissible. The interests of the people require this, and the default in transactions is that if one sells a car, for example, for a deferred price, with the maximum being every month or every year, and he intends to finish it when the time comes, there is no harm in that. Yes.
He says: Honorable Shaykh, may Allah grant you success, is it considered riba al-nasi'ah (usury of deferment)? Why is it used? The detail is in the detail for the sake of the detail.
Answer:
Selling goods on installment with a deferred price is permissible. The interests of the people require this, and the default in transactions is that if one sells a car, for example, for a deferred price, with the maximum being every month or every year, and he intends to finish it when the time comes, there is no harm in that. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/74 شرح زاد المستقنع/ صالح الفوزان — youtube.com (55:00)
The Arabic text is a machine transcription of the audio recording.