Mark up in Installment Plan
Transactions & Incomes
Is it permissible to buy goods by installments for a price that is higher than the cash price? Does this amount to riba...
Q: Is it permissible to buy goods by installments for a price that is higher than the cash price? Does this amount to riba?
A: There is no objection to selling and buying goods by installments for more than the cash price. The difference is not considered as riba.
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