Is the transaction that took place with the bank to purchase a phone in installments, whereby the bank bought the phone and then sold it to me with added fees and profits, Haram (religiously forbidden) according to Sharia?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the bank first purchases the phone and then sells it to the customer at the agreed-upon price, then the transaction is valid and falls under the category of Murabaha to the one who commands the purchase. As for what was deducted, there is no objection to it as long as the customer is content with it, and it is considered part of the phone's price.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/158112
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 158112
- 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.
- Read the full ruling
- Read the full answer on Ftawy