Alternatives to interest : is buying with deferred payment not Riba ?
Fatawa Question
Assalamu Alaykum Dear Scholar, I want you to clarify for me the concept of Riba in detail, my question arose when I heard that a friend of mine bought a car from a dealer by financing directly with the company, he said to me it’s not Haram if there is no third party involved such as a bank, he is going to pay monthly some amount, I don’t know for sure if it has any interest on the monthly payment, he kind of concluded it for me as follows delaying to pay extra is not Riba. I need your help, I’m planning to do the same if this is the case Thanks.
Fatwa
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Publication Date
2003-01-30
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-726713
American Psychological Association (APA)
Qahf, Mundhir. 2003-01-30. Alternatives to interest : is buying with deferred payment not Riba ?. .
https://search.emarefa.net/detail/BIM-726713
Modern Language Association (MLA)
Qahf, Mundhir. Alternatives to interest : is buying with deferred payment not Riba ?. 2003-01-30.
https://search.emarefa.net/detail/BIM-726713
American Medical Association (AMA)
Qahf, Mundhir. 2003-01-30. Alternatives to interest : is buying with deferred payment not Riba ?.
https://search.emarefa.net/detail/BIM-726713
