-
Mobile Purchased On Credit Card On Installments
I want to buy a mobile but can’t buy on full payment at the same time
But my bank credit card offers me installments it says up to 6 months there is no markup
But after that it says if you pay in 12 months you pay original amount + X markup amount and so on
If i buy it on installments more than 6 months is it permissible or is it sood?
-
2 Replies
-
Mobile Purchased On Credit Card On Installments
updated 5 months ago
2 Members
·
2
Replies
-
Also bank charges certain processing fees are these fees permissible
-
Yes, you can purchase on credit card installments for more than 6 months. It is not riba. Similarly, processing fees is also not riba.
If you are interested, then following video will help you understand the principle behind it:
Sponsor Ask Ghamidi
Please sponsor Ask Ghamidi so that we can continue to provide and improve this community platform.
In the last 2212 days, 9,984 registered users have posted 70,741 messages under 21,021 unique topics on Ask Ghamidi.
