The ruling on purchasing an item on installment and then selling it for cash to another person
Machine translationRead the Arabic original
The questioner:
Peace be upon you, and Allah's mercy and blessings. May Allah bless you.
The Shaykh:
O servants of Allah.
The questioner:
Shaykh Salih, I have a question regarding tawarruq. My question, Shaykh, is about a person who takes an item for the purpose of selling it, but his original intention is not the sale, and the buyer has no need for the item at all; his need is only for the money. This method is adopted for tawarruq, financing, and increasing the profits of the installment. What is the ruling? Please give us a ruling, and may Allah reward you with every good.
The Shaykh:
My brother, if he needs tawarruq and it is regulated by its conditions, there is no harm. If the item is with the seller before the contract, the creditor-seller owns it before contracting for it, and the debtor buys it from him, takes possession of it, and moves it from its location, and sells it in another location, then there is no harm in that according to the majority, the majority of the scholars of knowledge. Especially for the sake of need. These conditions are necessary, yes.
Peace be upon you, and Allah's mercy and blessings. May Allah bless you.
The Shaykh:
O servants of Allah.
The questioner:
Shaykh Salih, I have a question regarding tawarruq. My question, Shaykh, is about a person who takes an item for the purpose of selling it, but his original intention is not the sale, and the buyer has no need for the item at all; his need is only for the money. This method is adopted for tawarruq, financing, and increasing the profits of the installment. What is the ruling? Please give us a ruling, and may Allah reward you with every good.
The Shaykh:
My brother, if he needs tawarruq and it is regulated by its conditions, there is no harm. If the item is with the seller before the contract, the creditor-seller owns it before contracting for it, and the debtor buys it from him, takes possession of it, and moves it from its location, and sells it in another location, then there is no harm in that according to the majority, the majority of the scholars of knowledge. Especially for the sake of need. These conditions are necessary, yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 1771 - حكم شراء السلعة بالتقسيط ثم بيعها نقدًا لشخص آخر - الشيخ صالح الفوزان — youtube.com (0:08)
The Arabic text is a machine transcription of the audio recording.