The Majlis Archive
Finance - Banking - Business The Majlis Vol 24 No 05, p.4

I approached a company to purchase for me stock, then to sell it to me at a higher price which will be paid in fixed monthly instalments over a couple

Question

I approached a company to purchase for me stock, then to sell it to me at a higher price which will be paid in fixed monthly instalments over a couple of years. Is this deal permissible?

Answer

The company may purchase stock and sell to you at a higher price which you can pay in fixed monthly instalments. This is permissible.

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The Majlis Vol 24 No 05
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Appears under VACCINATIONS?. This heading is the nearest headline at or before the page and is approximate. Do not cite it alone.

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