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The question

Is it permissible for a Muslim to help his brother purchase a used car in installments without a down payment, with the addition of a small profit margin (interest) to the original price, of which the buyer is aware and content? If the answer is no, what are the conditions for permissible installment payments with a lawful profit?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Installment selling is permissible in principle. There is no harm in increasing the price of a commodity sold on credit, or above its immediate cash price, by agreement of the jurists. It is stipulated that the contract between the seller and the buyer must be for a specific, known price. More than one scholar has narrated the consensus of the 'ulama' on the permissibility of installment selling.

Summarized from the full answer at Ftawy · imported

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Source platform
Ftawy
Original fatwa ID
142302
Imported
Translation status
Source text, unreviewed
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