Question

Ref. No. 941

As salamo alaikum.
Is it jayaz to buy a vehicle or any thing in installment.While paying the installment,we need to pay interest also,so is it jayaz or not?

Answer 1

Ref. No 939

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

Dealing with riba/interest (without a severe need or a valid reason that is acceptable in Islam) is a major sin in Islam and the Quran says it is Haram. A person should abstain from it throughout his life.

And Allah knows best

 

Darul Ifta

Darul Uloom Waqf Deoband