Increasing the price of the device in exchange for the duration of the warranty
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A questioner says: Some shops put a warranty on devices, and they increase the price of the device as the warranty period increases. So the buyer pays a specific amount for each year of warranty. Is this a way of circumventing riba (usury or interest)?
Answer:
No, it is not a way of circumventing riba. This is among the conditions. The Muslims are bound by their conditions. Yes.
Honorable Shaykh, may Allah grant you success. A questioner says: Some shops put a warranty on devices, and they increase the price of the device as the warranty period increases. So the buyer pays a specific amount for each year of warranty. Is this a way of circumventing riba (usury or interest)?
Answer:
No, it is not a way of circumventing riba. This is among the conditions. The Muslims are bound by their conditions. Yes.
Source
شرح إغاثة اللهفان من مصائد الشيطان لابن القيم، فصل وقد أخبر - صلى لله عليه وسلم - أن طائفة من أمته تستحل الربا باسم البيع — islamhouse.com (50:56)
The Arabic text is a machine transcription of the audio recording.