Selling cars on installment with an increase in price
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. He says: What is the ruling on selling cars via installments, given that there is an increase in the price of the car when you buy it on credit?
Answer:
There is nothing wrong with that. No one sells on credit except for an increase in the price. If there were no increase, he would not have sold it on credit. So there is nothing wrong with it. The Prophet (peace and blessings be upon him) used to borrow from the camels of the zakat, taking one camel for two camels until a certain term. There is nothing wrong with that. If it were not for the increase, people would not have deferred debts and the prices of goods. Yes.
Honorable Shaykh, may Allah grant you success. He says: What is the ruling on selling cars via installments, given that there is an increase in the price of the car when you buy it on credit?
Answer:
There is nothing wrong with that. No one sells on credit except for an increase in the price. If there were no increase, he would not have sold it on credit. So there is nothing wrong with it. The Prophet (peace and blessings be upon him) used to borrow from the camels of the zakat, taking one camel for two camels until a certain term. There is nothing wrong with that. If it were not for the increase, people would not have deferred debts and the prices of goods. Yes.
Source
شرح كتاب فتح المجيد في شرح كتاب التوحيد [ صالح الفوزان ]، تابع باب : فضل التوحيد وما يكفر من الذنوب - 4 — islamhouse.com (1:09:24)
The Arabic text is a machine transcription of the audio recording.