International trade and other sales : selling goods for a higher price in case of deferred payment
Fatawa Question
Salam Alaykum Dr. Kahf, Ramadan Mubarak. I've really enjoyed the last time you visited us here in the Netherlands at Leiden University and hope you will visit us soon again In Sha Allah. I've had a discussion with a brother on selling goods for a higher price in case of deferred payment. We both are aware of the disagreement between several Fuqara. However the brother argues that the mark-up charged by the seller is equal to Riba al Nasi'a and I argue it's not Riba because it's an (material) asset-back transaction and therefore profit. Could you please inform me on this matter ? Barakallahu feekoum and best regards ! Idriss
Fatwa
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Publication Date
2012-08-03
Main Subjects
Economy and Commerce
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-734325
American Psychological Association (APA)
Qahf, Mundhir. 2012-08-03. International trade and other sales : selling goods for a higher price in case of deferred payment. .
https://search.emarefa.net/detail/BIM-734325
Modern Language Association (MLA)
Qahf, Mundhir. International trade and other sales : selling goods for a higher price in case of deferred payment. 2012-08-03.
https://search.emarefa.net/detail/BIM-734325
American Medical Association (AMA)
Qahf, Mundhir. 2012-08-03. International trade and other sales : selling goods for a higher price in case of deferred payment.
https://search.emarefa.net/detail/BIM-734325
