The Difference Between Riba al-Nasi'ah and Installment Sales
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. This questioner says: Is there a difference between riba al-nasi'ah (usury of deferment) and installment sales?
Answer:
Riba al-nasi'ah applies to items in which riba (usury or interest) is involved. As for installment sales, not all installment sales are forbidden. If there is no riba involved, there is no harm. You mean selling a car for a deferred price in installments; there is no obstacle to that. Yes.
Honorable Shaykh, may Allah grant you success. This questioner says: Is there a difference between riba al-nasi'ah (usury of deferment) and installment sales?
Answer:
Riba al-nasi'ah applies to items in which riba (usury or interest) is involved. As for installment sales, not all installment sales are forbidden. If there is no riba involved, there is no harm. You mean selling a car for a deferred price in installments; there is no obstacle to that. Yes.
Source
المنتقى من أخبار سيد المرسلين 26-06-1438 هـ — af.org.sa (59:12)
The Arabic text is a machine transcription of the audio recording.