There is no fixed limit on profit in deferred sales
Machine translationRead the Arabic original
Question: Is it permissible to buy a car worth 30,000 riyals in the market, at a price paid in monthly installments, but totaling 50,000 riyals; meaning there is a difference of 20,000 riyals between the original value and the value after installment? Is there anything wrong with this transaction?
Answer: There is no harm in the transaction mentioned, provided the car is in the ownership and possession of the seller; due to the generality of the evidence, and there is no fixed limit on profit, rather it varies according to the buyer's circumstances, and according to the length or shortness of the term.
It is established in the two Sahihs from Aisha (may Allah be pleased with her) that Barirah (may Allah be pleased with her) bought her freedom from her owner for nine ounces of gold over nine years, one ounce each year, and the Prophet (peace and blessings be upon him) did not disapprove of it, nor did he ask about its value if the sale had been for cash. And success is from Allah.
Answer: There is no harm in the transaction mentioned, provided the car is in the ownership and possession of the seller; due to the generality of the evidence, and there is no fixed limit on profit, rather it varies according to the buyer's circumstances, and according to the length or shortness of the term.
It is established in the two Sahihs from Aisha (may Allah be pleased with her) that Barirah (may Allah be pleased with her) bought her freedom from her owner for nine ounces of gold over nine years, one ounce each year, and the Prophet (peace and blessings be upon him) did not disapprove of it, nor did he ask about its value if the sale had been for cash. And success is from Allah.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.