Is It Permissible to Purchase an Extended Warranty within 60 Days Like It Is on the Same Day?


Answered by Mawlana Ilyas Patel

 

Question

 

Is purchasing an extended warranty within 60 days permissible like it is on the same day?

 

Answer

 

In the Name of Allah, the Most Merciful and Compassionate

I pray you are in good faith and health. Thank you for your question.

Guarantees and Extended Warranties that are from the contract are a customarily-contractual market practice as it does not lead to a dispute being on the same day.

[Taqi Usmani, Fiqh al-Buyu’; Rada al-Haq, Fatawa Darul ulum Zakariyya]

However, esteemed Muftis and scholars say an extended warranty purchased inclusive of the actual item sold is impermissible and will not form part of the actual purchase and sale agreement. Thus, it will be considered a separate transaction.

I would like you to go through the valuable answers and links below. You will receive guidance and direction in sha Allah.
Why not begin your search for knowledge by signing up for a course on SeekersAcademy (seekersguidance.org), like Money Matters (seekersguidance.org)
I pray this helps with your question.

Wassalam,

[Mawlana] Ilyas Patel

Checked and approved by Shaykh Faraz Rabbani.

Mawlana Ilyas Patel is a traditionally trained scholar who has studied in the UK, India, Pakistan, Syria, Jordan, and Turkey.

He started his early education in the UK. He went on to complete hifz of the Quran in India, then enrolled into an Islamic seminary in the UK, where he studied the secular and Alimiyyah sciences. He then travelled to Karachi, Pakistan.

He has been an Imam in Rep of Ireland for a number of years. He has taught hifz of the Qur’an, Tajwid, Fiqh, and many other Islamic sciences to both children and adults onsite and online extensively in UK and Ireland. He taught at a local Islamic seminary for 12 years in the UK, where he was a librarian and a teacher of Islamic sciences.

He currently resides in the UK with his wife. His personal interest is the love of books and gardening.