We put this question to Shaykh ‘Abd-Allaah ibn Jibreen, may Allaah preserve him, who replied as follows:
There is nothing wrong with it if it is done with the agreement of both parties… but selling separate warranty certificates is not permitted. And Allaah knows best.

Principles of Fiqh

Jurisprudence and Islamic Rulings

Transactions

Compensation

Shaykh ‘Abd-Allaah ibn Jibreen

Ruling on raising the price of a product in order to extend the warranty

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