What is the ruling on the practice of some companies of requesting goods and paying their value in installments?
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. The questioner asks: Is it permissible for many companies today to request specific goods, agree on them and on the delivery date, but have the value of those goods paid in installments, including an initial down payment?
Answer:
This is not permissible, and the full value must be paid in the meeting of the contract; so that it does not become a sale of a debt for a debt. Yes.
Honorable Shaykh, may Allah grant you success. The questioner asks: Is it permissible for many companies today to request specific goods, agree on them and on the delivery date, but have the value of those goods paid in installments, including an initial down payment?
Answer:
This is not permissible, and the full value must be paid in the meeting of the contract; so that it does not become a sale of a debt for a debt. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1699 -3022] ما صحة ما تقوم به بعض الشركات من طلب البضاعة ودفع قيمتها على دفعات؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.