What is the ruling on participating in the purchase of a car on credit, with the installments paid by more than one person?
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Question:
What is the ruling on participating in the purchase of a car on credit? What is its ruling? Participating in the purchase of a car on credit, in the form of monthly installments. In the purchase of a car, what? On credit. On credit. In the form of monthly installments, and the participants share in the installment payments, even though the car is in the name of one of them, and then they sell the car. I don’t know what this question is; your voice is getting mixed up with the echo? Yes. Yes. The questioner asks: What is the ruling on participating in the purchase of a car on credit? On credit. In the form of monthly installments, and the participants share in the installment payments. They participate. Yes, in the installments. The participants, yes. Yes. Even though the car is in the name of one of them, and then they sell the car and divide the amount according to their shares.
Answer:
Yes, the original ruling on participating in the purchase of a car or anything else is that there is nothing wrong with it. A group can participate and buy a car, a house, an orchard, or something else, and they put it in their names. They do not put it in the name of one person; they put it in the names of the buyers, and this is mentioned. As for buying it in a way that makes it appear as if one person is buying it while they are a group, and they conceal this from the seller, this is not permissible. This is gharar (excessive uncertainty in a contract). Yes. May Allah reward you. The questioner says: They all put it in their names, and they pay the price in installments, then they sell it. If they make a profit, they share the profit. There is no objection to this form. As for one person buying it while there are hidden partners who are not known about, this is gharar (excessive uncertainty in a contract). Yes.
What is the ruling on participating in the purchase of a car on credit? What is its ruling? Participating in the purchase of a car on credit, in the form of monthly installments. In the purchase of a car, what? On credit. On credit. In the form of monthly installments, and the participants share in the installment payments, even though the car is in the name of one of them, and then they sell the car. I don’t know what this question is; your voice is getting mixed up with the echo? Yes. Yes. The questioner asks: What is the ruling on participating in the purchase of a car on credit? On credit. In the form of monthly installments, and the participants share in the installment payments. They participate. Yes, in the installments. The participants, yes. Yes. Even though the car is in the name of one of them, and then they sell the car and divide the amount according to their shares.
Answer:
Yes, the original ruling on participating in the purchase of a car or anything else is that there is nothing wrong with it. A group can participate and buy a car, a house, an orchard, or something else, and they put it in their names. They do not put it in the name of one person; they put it in the names of the buyers, and this is mentioned. As for buying it in a way that makes it appear as if one person is buying it while they are a group, and they conceal this from the seller, this is not permissible. This is gharar (excessive uncertainty in a contract). Yes. May Allah reward you. The questioner says: They all put it in their names, and they pay the price in installments, then they sell it. If they make a profit, they share the profit. There is no objection to this form. As for one person buying it while there are hidden partners who are not known about, this is gharar (excessive uncertainty in a contract). Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم الاشتراك في شراء سيارة بالأجل ويقسطها أكثر من شخص؟ للشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.
