Selling by Installments
Ribaa (interest or usury) & Money Exchange
• Selling before taking possession and selling by installments. • It is better not to buy in installments if you are able to pay in cash. • Stating one price for a product if paid for in cash and another price if paid for in installments. • Selling by installments to the one who asked us to buy something.
• She is helping her husband to buy a flat, but he borrowed the money with interest. • Selling worked gold for ingots with a payment for the work. • Buying a flat by instalments when there is a clause in the contract that stipulates a penalty in the event of late payment. • Should he take a riba-based loan in order to buy a house?.
Credit Cards & Investment Certificates
• Ruling on buying shares in a foreign company. • With his shares they bought shares in a ribaa-based bank. • Buying and selling shares through the bank. • Buying shares in computer companies.