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The question

Is it permissible to sell goods by installment with a 30% increase over their cash price, with the possibility for the buyer to cancel the agreement before receiving the goods, even if the seller has already purchased them?

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

The permissible way in this transaction is for the agreement between your friend and the customer to be merely a promise to sell before your friend acquires the commodity; otherwise, it would fall under selling what one does not own, which is prohibited. As for increasing the price of a commodity sold in installments, it is permissible under certain conditions.

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
120127
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