Wa iyyaki

If the price is fixed and you are buying from the owner and there isn’t any way that the installments would increase more than what was agreed upon initially, this is permissible.

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?

Islamic economy |