The ruling on buying a car on installment and selling it to someone other than the seller
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Question:
This questioner says: I want to ask a person to buy a car for me on installment, on the condition that I sell it to someone else. What is your opinion on this method of purchase?
Answer:
If the man owns the car or the commodity, and you buy it from him for a deferred price and then sell it to benefit from its price, this is permissible. But do not sell it back to him. Do not sell the car or the commodity to the one who sold it to you on a deferred basis, because this is the issue of 'inah. This is the issue of 'inah, and it is a ruse to reach riba (usury or interest). Yes. But if you sell it to someone else, there is no harm. This is your property, and you may dispose of it as you wish. Yes.
This questioner says: I want to ask a person to buy a car for me on installment, on the condition that I sell it to someone else. What is your opinion on this method of purchase?
Answer:
If the man owns the car or the commodity, and you buy it from him for a deferred price and then sell it to benefit from its price, this is permissible. But do not sell it back to him. Do not sell the car or the commodity to the one who sold it to you on a deferred basis, because this is the issue of 'inah. This is the issue of 'inah, and it is a ruse to reach riba (usury or interest). Yes. But if you sell it to someone else, there is no harm. This is your property, and you may dispose of it as you wish. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 7046- حكم شراء سيارة بالتقسيط وبيعها لغير البائع - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.