I hope i will get real information on insatallment, so that my frined can avail complete " RAHNUMAYEE" and save his "IMAN".
Mu' meneen Brothers and Sisters,
As Salaam Aleikum wa Rahmatullahi wa Barakatuh.
(May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked
this question:
Dear Brothers,
Assalam-o-Alikum,
Anaybody knows the fact of "Insatallment on the eye of Islam" if
someone knows please give me complete information in the light of
"QURAN" "and HADIDTH" .
I am very much confused somebody said its okey somebosy said its
"HARAM", one of my friend want to buy on car and he want to know the
fact.
I hope i will get real information on insatallment, so that my frined can avail
complete " RAHNUMAYEE" and save his "IMAN"
I am from
JAzakmulla khaurumm
(There may be some grammatical and spelling
errors in the above statement. The forum does not change anything from
questions, comments and statements received from our readers for circulation in
confidentiality.)
Answer:
Interest riba loan
In the name of Allah, We praise Him, seek His
help and ask for His forgiveness. Whoever Allah guides none can misguide,
and whoever He allows to fall astray, none can guide them aright. We bear
witness that there is none worthy of worship but Allah Alone, and we bear
witness that Muhammad (saws) is His slave-servant and the seal of His Messengers.
Dear and beloved brother in Islam, it is neither the
concept of taking loans, nor the concept of paying the loan in installments
which is unlawful in Shariah; what is absolutely and categorically prohibited
in Shariah is if the loan or the installment has an interest or ‘riba’ element
attached to it.
Allah says in the Holy Quran Chapter 2 Surah
Baqarah verse 274-276:
But
those who devour ‘riba’ become like the one whom Shaitaan has bewitched and
maddened by his touch. They have been
condemned to this condition because they say,
“Trade is just like ‘riba”,
whereas Allah has made trade halaal and ‘riba’ haraam. Henceforth,
if one abstains from taking ‘riba’ after receiving this admonition from
his Lord, no legal action shall be taken
against him regarding the ‘riba’ he had devoured before: his case shall ultimately go to Allah. But if one repeats the same crime even after
this, he shall go to Hell, where he shall abide for ever! Allah deprives ‘riba’ of all blessing and
develops charity, and Allah does not like an ungrateful, sinful person.
Allah says further in the Holy Quran Chapter 2
Surah Baqarah verse 278:
O Believers!,
fear Allah and give up that ‘riba’ which is still due to you, if you are true believers. But if you do not do so, then you are warned of the declaration of war against you
by Allah and His Messenger!
Al-Tirmidhi Hadith 2829 Narrated by Ali ibn AbuTalib
Ali said he heard Allah's Messenger (saws)
invoke the curse of Allah on those who took usury, those who paid it, those who
recorded it, and those who refused to give sadaqah.
If the ‘car-financing’ is done through a conventional
interest-based bank or financial institution, because the transaction has an
involvement of paying interest when financing the purchase of the car (or any
other product), then indeed such a transaction would be absolutely unlawful for
the believers who sincerely fear Allah and the Last Day.
But if the car is financed without the element of
interest, or through a Shariah compliant non-interest based Islamic financial
institution, then such a transaction would be lawful in the Sight of Allah
Subhanah.
Thus beloved brother, it is not the concept of car-finance
or the payment in installments itself, but the interest element in the transaction
which determines its permissibility or prohibition.
Whatever written of Truth and benefit is only
due to Allah’s Assistance and Guidance, and whatever of error is of me
alone. Allah Alone Knows Best and He is
the Only Source of Strength.
Your brother and
well wisher in Islam,
Burhan