Rules Concerning Ribā: Ruling on Buying by Instalments at a Higher Price Than Cash

Practical Laws of Islam as per the teachings of Imam Khamenei

Rules Concerning Ribā: Ruling on Buying by Instalments at a Higher Price Than Cash

English:

Question #1618:

Is it permissible to buy goods by instalments for a price that is higher than the cash price? And does this amount to ribā?

Answer #1618:

There is no objection to selling and buying goods by instalments for more than the cash price. The difference is not considered ribā.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Rules Concerning Ribā