What is the ruling on selling on installment?

Question : The questioner says: We ask that you clarify for us the ruling on car installments?

Answer : Car installments, I think, means selling on credit. Selling is divided into two types: selling for cash, which is clear, and selling on credit. Selling on credit is permissible because it falls under the general meaning of the saying of Allah the Exalted: . So, if a person sells a car on credit for a price in dirhams higher than if he sold it for cash, that is permissible. The Shaykh al-Islam Ibn Taymiyyah reported the consensus of the Muslims on its permissibility. An example of this is the owner of a car dealership; people come to him to buy from him. He sells the car to this man for ten thousand in cash, and to another man for twelve thousand on credit, either in one installment or with an installment due each month. All of this is permissible, and there is no harm in it. Yes.