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The question

Is it permissible to purchase a commodity in installments from someone who first buys it, then sells it at a higher price after taking possession of it?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

If a person purchases an item at your request, and you promised to buy it from him, then he sells it to you in installments after taking possession of it, this is permissible and not usury (riba), because the seller sells the item after possessing and taking hold of it, and not before that.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
166391
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy