Transactions & Dealings >> Other Transactions

Question # : 6456

Pakistan

Assalam o Alaikum Mufti Sahab, I want to buy a plot from a plotting scheme i.e. provides installments. The total price of plot is 150,000 Rupees and advance is 15000 then 30 months schedule. There is not penalty charges. But no confirmation of re-pricing. Is is permissible to buy or not? Please give me the answer ASAP... Jazak Allah Khair.

Answer : 6456

Published on: Jul 27, 2008

بسم الله الرحمن الرحيم


(Fatwa: 1299/1099=B/1429)


 


If there is no exchange of interest in this transaction then there is no wrong in purchasing it on instalments, but the price should be fixed.



Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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