What is the ruling on selling an item on installment after purchasing it for cash?
Machine translationRead the Arabic original
The questioner:
The questioner says: I am a person who bought a mobile phone for four hundred riyals in cash and sold it for eight hundred riyals in installments, one hundred riyals per month. Is this sale permissible or not?
The Shaykh:
Yes, please repeat the question.
The questioner:
He says: I am a person who bought a mobile phone for four hundred riyals in cash and sold it for eight hundred riyals in installments, one hundred riyals per month. Is this sale permissible or not?
The Shaykh:
There is nothing wrong with that, as long as you bought it, paid its price, and it became your property, you may sell it for whatever you wish. And there is no doubt that a deferred sale is not like a cash sale; a deferred sale is at a higher price than a cash sale, but the increase must not be exorbitant; it should be a reasonable increase that is customary in trade and among people.
The questioner says: I am a person who bought a mobile phone for four hundred riyals in cash and sold it for eight hundred riyals in installments, one hundred riyals per month. Is this sale permissible or not?
The Shaykh:
Yes, please repeat the question.
The questioner:
He says: I am a person who bought a mobile phone for four hundred riyals in cash and sold it for eight hundred riyals in installments, one hundred riyals per month. Is this sale permissible or not?
The Shaykh:
There is nothing wrong with that, as long as you bought it, paid its price, and it became your property, you may sell it for whatever you wish. And there is no doubt that a deferred sale is not like a cash sale; a deferred sale is at a higher price than a cash sale, but the increase must not be exorbitant; it should be a reasonable increase that is customary in trade and among people.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم بيع سلعة بالتقسيط بعد شرائها نقدا؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.