Topic: Buying Car on installment   (No-100651)

Q Is it permissible to purchase car on installment

aIt should be noted that selling and purchasing by means of installments is permissible under certain conditions
1- Value should be fixed at the time of negotiating the transaction
2- The date of paying installment should be fixed/determined
3- There should be no penalty if payment of installment is delayed


Allah knows best
Darulifta Al Ikhlas, Karachi

واللہ تعالٰی اعلم بالصواب
دارالافتاء الاخلاص، کراچی
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