The Majlis Archive

Finance - Banking - Business The Majlis Vol 22 No 05, p.2

I need a vehicle. A friend offered to buy the vehicle and sell it to me.

Question

I need a vehicle. A friend offered to buy the vehicle and sell it to me. He will add 20% profit. I shall pay the price in monthly instalments. Is this deal permissible?

Answer

What doubt do you have in the permissibility of the simple deal? The sale as described by you is permissible.

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Published in
The Majlis Vol 22 No 05
PDF page
2

Appears under Questions and Answers (approximate).

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