Installment Sale

**Definition:** Selling an item for a specified term, with the price divided into multiple installments, each having a known due date paid by the buyer. **Example:** A seller has a car worth 40,000 riyals cash and 60,000 riyals deferred. He agrees with the buyer to pay the amount in 12 installments, paying 5,000 riyals at the end of each month. **Ruling:** **Permissible.** **Evidence:** - **Hadith of Aisha رضي الله عنها:** "The Messenger of Allah ﷺ bought food from a Jew on credit (deferred payment) and pledged his iron armor to him" [Bukhari & Muslim] **Benefits:** - For the seller: Increases sales, diversifies marketing methods, benefits from increased price for deferment - For the buyer: Obtains the item even without the full price, pays later in installments