FatwaFederal TerritoriesTransactions & Finance
IRSYAD HUKUM SIRI KE-758: HUKUM ‘BUY NOW PAY LATER'
Is 'buy now pay later' permissible in Islam?
Short answer
Buy Now Pay Later (BNPL) is permissible and valid if it meets the conditions set by the Shariah.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Date
- Status
- Opinion (irsyad)
- Series
- Irsyad al-Hukum (Umum)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Buy Now Pay Later (BNPL) is permissible and valid if it meets the conditions set by the Shariah. It must be based on a sale contract rather than a loan contract, must not involve two sales in one contract, and must be clear in terms of goods, price and deferment period. The contract must also be agreed upon at the start of the purchase. A higher instalment price is allowed by the four schools as compensation for the deferment, but it becomes riba if the profit arises from a loan contract.
Written in our own words from the original fatwa — check the source before acting on it.
Kesimpulannya, hukum Buy Now Pay Later adalah harus dan sah selagi mana ia memenuhi syarat-syarat yang ditetapkan syarak
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “IRSYAD HUKUM SIRI KE-758: HUKUM ‘BUY NOW PAY LATER'”, 27 February 2023. https://muftiwp.gov.my/ms/artikel/irsyad-hukum/umum/5540-irsyad-al-fatwa-siri-ke-758-hukum-buy-now-pay-later. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-buy-now-pay-later-bnpl/