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The question

Is it permissible for a non-Islamic bank to purchase medical equipment and sell it by installment with a price increase over its original value?

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

It is not permissible to deal with usurious banks except out of necessity or pressing need. Selling by installment has two permissible forms: The first is that the commodity is owned by the seller (the bank) and is in its possession, so it sells it to the buyer for a known price that is not subject to increase. The second is that the buyer requests the bank to purchase a commodity from a third party, and then the buyer purchases it from the bank after the bank has acquired ownership of it and it is under its guarantee, for a known price that is not subject to increase if payment is delayed.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
97295
Imported
Translation status
Source text, unreviewed
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