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The question

What is Islam's ruling on the annual maintenance contract for a specified sum of money, knowing that the sum is paid whether a malfunction occurs or not?

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

This contract is invalid because it contains (excessive uncertainty), which is forbidden in Islamic law. Gharar refers to a transaction whose outcome is unknown or involves risk, because leasing is similar to selling in this regard. If a defect occurs, the amount taken may be without an مقابل (equivalent value), or its repair may cost more than the amount paid.

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
39698
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