Car insurance : paying car insurance by monthly installments

السؤال

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, I am shopping around for my car's insurance (which is required by law) and wanted to ask if paying it by monthly installments (resulting in a higher amount) rather than at one go would be legal in Islamic Sharia. Visitor notes : when I am paying by monthly installment, I pay more than my quoted premium (about 20 % more). So though I am not exactly borrowing money on interest per se, interest is involved here nevertheless... ? In my current financial situation it is difficult for me to pay the whole amount at once. Jazakum Allahu Khairan for your constant help

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2006-11-30

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-788439

• APA
• MLA
• AMA