Riba and installment sale : [1]
Question: Assalamu Alaikum,Dear Sir,I’m Hijaz, undergraduate, B.Sc. Accountancy, from Sri Lanka. One of my friend bought a mobile phone in installment system. Cash price of mobile Rs 19575Monthly installment Rs 1875 (1875 * 12 = 22500)Additional charge Rs 2925 (22500-19575)Period ....
Subjects: Installment sales; Usury