Buying Goods on Instalment Plan
  • Question:

    Is it permissible in Islam to buy goods on an instalment plan?

    Assalamu Alaikum wa rahmatullahi wa Barakatuh

    Thank you for your question.

    Yes, it is permissible in Islam to purchase goods on an instalment plan, provided the total amount payable for the goods is decided from the beginning of the transaction. The plan should also be free of interest.

    And Allah knows best.

    Answered by Shaykh Yusuf Badat
    Hadith of the Day Imam
    Imam of the Islamic Foundation of Toronto and Director of Mathabah Institute
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