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I am planning to purchase a phone for £25 upfront payment and £25.52 and over 24 months it is £637.48 for the iPhone 7, however, the Buy It Now price is £539, I am aware this includes interest but is this considered as riba as I am simply just trying to purchase an item

  • There is no riba in this transaction. It's completely legitimate because the full price is known upfront. – Hosam Aly Jan 21 '18 at 0:14
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    I have a feeling there are many sumayah's editing/answering and changing this post please consider sticking on one account and you will be able to edit the post without creating a new account. – Sassir Jan 22 '18 at 17:40
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another way you can buy this is getting the iPhone 8 from apple (£37,50/pm and £69 upfront) and it includes no interest so no riba at all but if you dont want to spend that much money then you basically don't have a choice so im pretty sure you can go for it

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    This is a workaround not an answer to the actual question! – Sassir Jan 22 '18 at 17:41

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