The ruling on buying a car on installments for trade
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. We are a group of friends who want to buy a car on monthly installments and trade in its value. Is this permissible or not? And is this... We are a group of friends who want to buy a car on monthly installments and trade in its value. Is this work permissible or not? And does it count as entanglement?
Answer:
There is no blame on you in that. You buy the car to profit from it, buying it for a cash price or a deferred price, to profit from it and offer it for sale in the market. If it was bought for a deferred price, it is not permissible to sell it to the owner who sold it to you for a high price, but rather you sell it to someone else. Yes.
He says: Honorable Shaykh, may Allah grant you success. We are a group of friends who want to buy a car on monthly installments and trade in its value. Is this permissible or not? And is this... We are a group of friends who want to buy a car on monthly installments and trade in its value. Is this work permissible or not? And does it count as entanglement?
Answer:
There is no blame on you in that. You buy the car to profit from it, buying it for a cash price or a deferred price, to profit from it and offer it for sale in the market. If it was bought for a deferred price, it is not permissible to sell it to the owner who sold it to you for a high price, but rather you sell it to someone else. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 141/73 شرح زاد المستقنع/ صالح الفوزان — youtube.com (2:06)
The Arabic text is a machine transcription of the audio recording.
