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Stats: 15,547 members, 57,371 Topics, 13,541 Comments. Date: January 16, 2019, 5:02 pm

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Rufai Oladimeji
, Nigeria.
Question:

My question concerns some
shop here in Australia.
Sometimes here in Australia
shops offer to buy a product
with for example 3 years
interest free. After the 3 years
and if the customer did not pay
the full price an interest will
apply for the remaining of the
price. Is that Riba?

Fatwa:
All perfect praise be to Allah,
The Lord of the Worlds. I testify
that there is none worthy of
worship except Allah, and that
Muhammad is His slave and
Messenger.

These types of transactions are
not permissible because if the
buyer delays in paying the cost
of the product, interest will be
added for the delay, and this is
Riba in itself and it is forbidden.
This is similar to the known
saying of the people of the time
of ignorance before Islam
"either you pay the debts or pay
interest''.

And the Prophet has cursed
the one who consumes Riba
(interest or usury), the one who
gives it to others, the one who
records it and the one who is a
witness in the Riba transaction.
He said: “All of them are
equal in Sin”. [Muslim]

Allah Knows best.

www.islamweb.net/en/article/143556/purchasing-with-interest-free-time-limit

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