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The question

Is it permissible to buy a car from a company that increases the price if the amount is not paid within five years?

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

What we understand from the question is that the company's condition of increasing the amount of money upon delayed payment is considered explicit usury (riba) and is forbidden by Islamic law. It is not permissible to purchase the car in this manner. The late payment penalty is usury and is impermissible. Dealing with usury is forbidden because it is one of the gravest sins.

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
91552
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