Question
I want to buy an apartment, what are the conditions for installment sale? And what does the seller do if the buyer delays in paying the installments?
Answer
I say, and with God's help: Selling is permissible either in full or in installments. One of the conditions for installment sales is that the duration must be known and there should be no ambiguity in that. If the buyer delays payment, any increase on him is prohibited, as it is usury. The seller must wait. And God knows best.