Signing a contract which contains a payment clause on interest

Answer:

Walaikum assalam wa rahmatullah,

Contemporary Hanafi scholars explain that one can enter this type of contract (similar to a credit card transaction) if:

a) one is determined to pay before the transaction incurs riba,

b) one has the means to make the payments on time,

c) and one is reasonably sure that they will actually do so.

And Allah alone gives success.

Wassalam,

Faraz Rabbani

MMVIII © Faraz Rabbani and SunniPath.
All rights reserved
No part of this article may be reproduced, displayed, modified, or distributed without the express prior written permission of both copyright holders. For permission, please submit a request at our Helpdesk.

Now What?

The Messenger of Allah, peace and blessings be upon him, said, "Knowledge is only through study." While some knowledge can be gained from reading or casually listening to lectures, the best means to gain knowledge is through finding a qualified teacher and then setting up a systematic program of learning. Picking up a book or reading an article and trying to figure things out on our own is no substitute for learning from someone who has a direct link to our living tradition.

Through joining an online class at SunniPath Academy, you can benefit from convenient, online courses that will give you access to reliable scholars and our popular curriculum learning tracks. Knowledge gained in these courses will both build your iman and assist you in putting into practice what you learn. Don't give yourself less than you deserve, register today.

Related Links:

1. Why you'll love our courses
2. How SunniPath courses work (video)
3. What our students say
4. Our current available courses