Is the $3,0 that the Islamic bank adds to the price of the commodity when selling it in installments considered usury?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The criterion for Islamic banks lies in their adherence to the provisions of in their transactions and investments, not merely in their name. To rule on transactions, one must refer to trustworthy scholars, as Allah Almighty says: "So ask the people of the message if you do not know." Regarding the question, the issue differs from the ruling on a loan. An increase in a loan is usury (riba). However, in a sale, it is permissible for the seller to buy at one price and sell at a higher price, whether cash or deferred, provided there is mutual consent and agreement on the 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/81352
Where this answer came from
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- Ftawy
- Original fatwa ID
- 81352
- 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