Buying and Selling: Ruling on Buying on Credit at a Higher Price and Discounting Deferred Checks

Practical Laws of Islam as per the teachings of Imam Khamenei

Buying and Selling: Ruling on Buying on Credit at a Higher Price and Discounting Deferred Checks

English:

Question #1579:

What is the view on buying goods on credit for a price that is higher than the cash price? And what is the view on exchanging a check, due after a while, for an amount that is less than the amount written in the check itself?

Answer #1579:

There is no objection to buying and selling goods on credit for a price higher than its cash price. The rule on buying and selling a check is mentioned in Q1933.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Buying and Selling