Transactions & Dealings >> Other Transactions
Question ID: 164380Country: India
Answer ID: 164380
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1299/973/SN=01/1440)
If you directly deal with the dealer and shopkeeper with no bank or finance company involved in between then it is lawful as per the Shariah to buy any vehicle or goods on installment provided the total price and duration of payment is fixed in the initial meeting of transaction.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India