The increase in installment sales in the event of delay
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A questioner says: What is called installment sales. He says: Is there a deception regarding riba (usury or interest) in it, meaning that there is an increase if there is a delay?
Answer:
An increase. If the deferred payment is delayed, it is not deferred except with an increase; they do not defer it except with an increase. As for if he says, "I was delayed, so I will add such and such," this is haram (forbidden) and not permissible.
Honorable Shaykh, may Allah grant you success. A questioner says: What is called installment sales. He says: Is there a deception regarding riba (usury or interest) in it, meaning that there is an increase if there is a delay?
Answer:
An increase. If the deferred payment is delayed, it is not deferred except with an increase; they do not defer it except with an increase. As for if he says, "I was delayed, so I will add such and such," this is haram (forbidden) and not permissible.
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 (1:13:35)
The Arabic text is a machine transcription of the audio recording.