Ruling on increasing the price in a deferred sale compared to the spot price
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Question:
I am the owner of a grocery store. I sell on credit, meaning until the end of the month, so I add a small amount to the price of the goods in exchange for the deferred sale. What is the ruling on that?
Answer:
There is no blame on him for a reasonable increase in the price in a deferred sale compared to the spot price; due to the generality of the saying of Allah the Exalted: [Surat al-Baqarah: 282] the verse.
And because of the authentic, absolute hadiths that have come regarding that; and because the meaning necessitates that; because a spot sale is not like a deferred sale; so Allah the Exalted permitted a reasonable increase in a sale to a term; so that the needy person who is unable to pay the cash price can purchase his need to a specified term, and this is from the mercy of Allah the Exalted and His kindness to His servants, and success is from Allah.
I am the owner of a grocery store. I sell on credit, meaning until the end of the month, so I add a small amount to the price of the goods in exchange for the deferred sale. What is the ruling on that?
Answer:
There is no blame on him for a reasonable increase in the price in a deferred sale compared to the spot price; due to the generality of the saying of Allah the Exalted:
O you who have believed, when you contract a debt for a specified term, write it down.
يَا أَيُّهَا الَّذِينَ آمَنُواْ إِذَا تَدَايَنتُم بِدَيْنٍ إِلَى أَجَلٍ مُّسَمًّى فَاكْتُبُوهُAnd because of the authentic, absolute hadiths that have come regarding that; and because the meaning necessitates that; because a spot sale is not like a deferred sale; so Allah the Exalted permitted a reasonable increase in a sale to a term; so that the needy person who is unable to pay the cash price can purchase his need to a specified term, and this is from the mercy of Allah the Exalted and His kindness to His servants, and success is from Allah.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.