9795
27
20 / 06 / 2026
Buying a Car in Installments from a Showroom at a Certain Profit Rate
Is it permissible to buy a car in installments from a showroom or an individual with an initial payment, and the rest in installments with a certain profit amount; a promissory note system, does this constitute usury or is it permissible to deal in this way, meaning not from bank financing, but directly from the seller to the buyer?
Answer
I say, and with God's help: This is an installment sale, which is permissible, and it usually includes an increase over cash sales, and there is no usury in it, and God knows best.
