Is it permissible to sell by installment, with agreement on the price of the commodity and the value of the installment, without mentioning the number of installments, and without specifying a fixed value or definite dates for the installments for freelancers, and with acceptance of default in the value or timing of payment?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Installment sales are permissible on condition that a known term for the payment of the price is specified. The first forms mentioned are permissible because the term therein is known. As for the second form, where the buyer pays the price as it becomes easy for him, it is not permissible due to the lack of a specified term. If known payment dates are set and the buyer delays in paying an installment or part of it, there is no harm in that.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/131403
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 131403
- 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