Car Insurance by Installments

Question: Can you pay for car insurance (when and where permissible) by installments which could result in increased total premium.

It is permissible in Hanafi fiqh.

Lending money

Claiming back the difference arising from inflation and deflation on the a loan is also considered as interest and is prohibited.

Remember! – Zakaat is due on lent money.

Keywords: Qarda, Kharza, Qarza