Wa alaikum salaam,

if the agreed amount of money stays the same, no matter of the length of the contract, and never changes and with no interest and you buy it from the owner, this is permissible.

Asalaamu alaikum wa rehmt Allah hi wa barakatuh.Sir is it allowed to buy anything in installments? Is it HALAAL?Eg: Car or In Bahrain government give houses to its nationals but deduct some amount on monthly basis.So Is it permissible to buy anything by this procedure? Jazaak Allah khayr sir.

Islamic economy | April 17, 2014 10:11 am
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I am buying it from shopmall and the price is fixed, I am not able to pay that much amount in one time so that, I want to convert that price into installments i.e EMI’s(Equated Monthly Installment). Is it permissable?
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Asalam Aleikum I am having a debt from bank which I pay every month. I also owe some people. I have tried to get muslims who can help me thenrepay without interest it is impossible.Am applying for jobs with bigger pay so that I can recover but that has become fruitless.I have done ruqya incase witchcraft of evil eye has anything to withthis financial distress. I read the dua that you have posted for helping in paying debts.Please help a sister in distress.Whatadvice can you give me. Shukran! I really appreciate your advice and shall keep you posted onany new developments InshaAllah.