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The question

What is the ruling of Islamic law on purchasing electrical appliances in installments from a person who first bought them for 7540 Saudi Riyals, then sold them to me for 9400 Saudi Riyals on a deferred payment basis, knowing that I do not possess the immediate price for them?

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

If the seller acquires the goods and takes possession of them, then sells them to you for a known, installment price, there is no harm. However, selling to you before he possesses them is not permissible. If he buys them and takes possession of them in his house, or the market, or a place to which they are transported from the seller’s ownership, then sells these items to you for a known, installment price, there is no harm.

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
19035
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