The ruling on selling computer maintenance contracts for half the value
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. There is a man who sells computer devices, and there is a company that sells maintenance contracts for these devices for half the value. For example, if repairing this device would cost you one hundred riyals, they repair it for you for fifty riyals. These contracts have no expiration date, but if the person loses them, the company does not compensate him for them. Is it permissible to sell such contracts?
Answer:
No, this is a sale involving gharar (excessive uncertainty in a contract) and ignorance. The repair might be extensive, requiring a large amount. So there is gharar and ignorance, and this is not permissible. Yes.
He says: Honorable Shaykh, may Allah grant you success. There is a man who sells computer devices, and there is a company that sells maintenance contracts for these devices for half the value. For example, if repairing this device would cost you one hundred riyals, they repair it for you for fifty riyals. These contracts have no expiration date, but if the person loses them, the company does not compensate him for them. Is it permissible to sell such contracts?
Answer:
No, this is a sale involving gharar (excessive uncertainty in a contract) and ignorance. The repair might be extensive, requiring a large amount. So there is gharar and ignorance, and this is not permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/86 شرح زاد المستقنع/ صالح الفوزان — youtube.com (52:12)
The Arabic text is a machine transcription of the audio recording.