Is the credit allocation fee charged when taking out an interest-free shopping loan haram?
Question
Hello teacher… I bought a mobile phone from an electronics store. I bought it with a 3 installment credit campaign at the cash price, but they added a 108 TL credit allocation fee on top of it. While the phone's price is 19,000 TL, I will pay 19,108 TL. Is this transaction subject to interest or is it haram?
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Answer ( 1 )
Hello brother!… In accordance with Islamic customs and sunnah, let us greet every Muslim we see, wherever we meet, with the greeting of Allah swt. Our elders said first greeting, then speech…
Now let's come to your question; while shopping, it is a requirement of our faith that we shop in accordance with Islam. Of course, there are some points that we should pay attention to in order for the shopping we have done or will do to be permissible. When buying the goods you will buy, the price of the goods should be certain. If you are buying goods on installment, you should determine this in advance. The person selling should also determine the price of the goods in advance. If there is an increase in the price of the goods after the sale, this shopping becomes suspicious. If the price is one hundred liras, the reason for every amount over one hundred liras should be explained. And it should be known in advance. If this difference is due to the difference in terms, the sale is not permissible. The excess becomes INTEREST... If the reason for the excess during the sale is due to normal procedures such as file expenses, etc., the sale is permissible. If it is not due to normal procedures, the sale is not permissible. May Allah swt be entrusted to you...