Is buying a phone from a company in installments, with interest on the price, then selling it and using the money out of necessity, forbidden or permissible?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
"Purchasing a mobile phone from a company in installments, even if the price is higher than its current cash value, is permissible, provided the company does not stipulate a penalty for late payment. Furthermore, purchasing the phone in installments with the intention of selling it immediately and benefiting from its cash value is permissible."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/174825
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 174825
- 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