Selling by Installments
Credit Cards & Investment Certificates
• He bought a car by installments from the bank, then he sold it so that he could use the money to get married. • Selling before taking possession and selling by installments. • He stipulates an additional cost for purchase by installments, separate from the price. • Leasing a car.
Ribaa (interest or usury) & Money Exchange
• Buying a flat by instalments when there is a clause in the contract that stipulates a penalty in the event of late payment. • Can she take the profits on certificates from the Islamic and commercial banks?. • Ruling on taking part and working in savings accounts. • Taking interest and offsetting losses with riba.