What is the ruling on buying a car with a down payment and monthly installments if the remaining amount becomes greater than its cash value in the market, and is it permissible to receive a discount for accelerating the payment of the remaining amount in a single lump sum?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to reduce a debt and waive a part of it in exchange for prompt payment, according to the majority of scholars. This is usury known as "give less and pay sooner." However, if the creditor waives a part of the debt upon its full repayment without prior collusion or established custom, then 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/100577
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 100577
- 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