Is My Appliance Purchase Valid When Bought Through a Credit Card Instalment?
Hanafi Fiqh
Answered by Mawlana Ilyas Patel
Question
Is the product halal to keep, given the interest charges, or should I sell it? Is the money from selling it halal?
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.
Your appliance purchase in this way was valid. You should not worry about selling it off. The cash and credit prices were the same. The interest is predetermined by default on all items in your country unless you buy an item from a non-high street shop or privately.
Purchasing items on deferred payment and a fixed number of installments at determined times is permissible. If, at the time of agreement, a price is fixed in a way that it does not change, then this is permissible.
[Usmani, Fiqh al-Buyu’]
I would like you to go through the valuable answers and links below. You will receive guidance and direction in sha Allah.
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[Mawlana] Ilyas Patel
Checked and Approved by Shaykh Faraz Rabbani
Mawlana Ilyas Patel has received traditional education in various countries. He started his schooling in the UK and completed his hifz of the Quran in India. After that, he joined an Islamic seminary in the UK, where he studied secular and Aalimiyya sciences. Later, he traveled to Karachi, Pakistan, and other Middle Eastern countries to further his education. Mawlana has served as an Imam in the Republic of Ireland for several years and taught the Quran and other Islamic sciences to both children and adults. He also worked as a teacher and librarian at a local Islamic seminary in the UK for 12 years. Presently, he lives in the UK with his wife and is interested in books and gardening.
