Transactions & Dealings >> Business

Question # : 145761

INDIA

Whether I can sell a property on installments at a higher price if the payment is to made at a later date?

Answer : 145761

Published on: Nov 17, 2016

بسم الله الرحمن الرحيم



(Fatwa: 162/153/M=2/1438)



It is lawful to sell goods or property on installments for higher price provided the dealing is finalized already. In case the payment is not made on the deadline, it will not be lawful to increase the amount.




Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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