A Developer offer a Plot or flat
Option one= 5 Millions on 4 years installment and delivery after 4 years
Option 2= 4.5 million on Cash and the delivery after 4 years
In Both cases Developer offering the different
prices for same product and same time frame.in option one purchaser paying 0.5 M interest for payment on installment and for option 2 Purchaser getting 0.5 M Interest on his cash payment in advance, My question is which one is wrong in Islam? 1st.2nd or both? is 0.5 million is RIBA in both cases?