What is the ruling on borrowing for a known amount? Does this fall under riba al-nasi'ah (usury of deferment)?
Machine translationRead the Arabic original
The questioner:
He says: Honorable Shaykh, may Allah grant you success. He says: A man did not have any wheat, so I gave him twenty
The Shaykh:
What is it?
The questioner:
Wheat, wheat. He says: So I gave him twenty kilograms of wheat on the condition that he return it to me after two months. Does this fall under riba al-nasi'ah (usury of deferment)?
The Shaykh:
No, as long as he did not stipulate an increase for him, but only stipulated that he return it after two months. A loan is not deferred; a loan is due immediately. Even if he deferred it, but if he said after two months, and they agreed on this, it is not due immediately, there is no harm. This is from the category of a promise, from the category of a promise. If the lender is satisfied, then this is from the category of a promise. Yes.
He says: Honorable Shaykh, may Allah grant you success. He says: A man did not have any wheat, so I gave him twenty
The Shaykh:
What is it?
The questioner:
Wheat, wheat. He says: So I gave him twenty kilograms of wheat on the condition that he return it to me after two months. Does this fall under riba al-nasi'ah (usury of deferment)?
The Shaykh:
No, as long as he did not stipulate an increase for him, but only stipulated that he return it after two months. A loan is not deferred; a loan is due immediately. Even if he deferred it, but if he said after two months, and they agreed on this, it is not due immediately, there is no harm. This is from the category of a promise, from the category of a promise. If the lender is satisfied, then this is from the category of a promise. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم الاقتراض لأجل معلوم، هل يدخل هذا في ربا النسيئة؟ للشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.