If one sells a car for cash and then buys it back from the buyer in exchange for part of the price of another car
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Fatwa number ( 21170 )
Q: I inform Your Eminence that I sold a 1987 model car for 15,000 riyals in cash. After that, I bought a 1998 model car on installments and used it for half a year. Then, the owner of the car I had sold came to me with only fifteen thousand riyals (15,000)
in cash for the 1987 model with two transmissions, and he bought from me the 1998 model car that I had bought on installments. He paid me my previous 1987 model car for fifteen thousand and added seven thousand riyals in cash, with the remaining amount in the form of monthly installments. Please note that when I sold my previous 1987 model car, there was no agreement between us. Since the buyer was keen to transfer ownership, I gave him my personal ID and an authorization from the showroom for the purpose of transferring ownership of the 1987 model car, but he was unable to do so. The 1987 model car is still in my name, and it is now in my possession. I hope Your Eminence will issue a fatwa on this matter: is it permissible or not? And if it is not permissible, what should I do?
A: If the matter is as described, then this transaction is permissible, because the default ruling for transactions is permissibility, and nothing was mentioned in the question that contradicts this default ruling. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Q: I inform Your Eminence that I sold a 1987 model car for 15,000 riyals in cash. After that, I bought a 1998 model car on installments and used it for half a year. Then, the owner of the car I had sold came to me with only fifteen thousand riyals (15,000)
in cash for the 1987 model with two transmissions, and he bought from me the 1998 model car that I had bought on installments. He paid me my previous 1987 model car for fifteen thousand and added seven thousand riyals in cash, with the remaining amount in the form of monthly installments. Please note that when I sold my previous 1987 model car, there was no agreement between us. Since the buyer was keen to transfer ownership, I gave him my personal ID and an authorization from the showroom for the purpose of transferring ownership of the 1987 model car, but he was unable to do so. The 1987 model car is still in my name, and it is now in my possession. I hope Your Eminence will issue a fatwa on this matter: is it permissible or not? And if it is not permissible, what should I do?
A: If the matter is as described, then this transaction is permissible, because the default ruling for transactions is permissibility, and nothing was mentioned in the question that contradicts this default ruling. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.