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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?
asked Feb 12, 2016 in Business & employment by abdul400

1 Answer

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

answered Feb 15, 2016 by Darul Ifta
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