If the sale is on installments, when does ownership of the item take place?
Machine translationRead the Arabic original
Question:
Abu Rakan from the Prophet’s City, please, Abu Rakan, let us hear from you on the phone, Abu Rakan. You are on television. Peace be upon you. And upon you be peace. And upon you be peace. How are you, Shaykh? Praise be to Allah. Yes. I tell you, Shaykh. Abu Rakan is on television a little. Please go ahead. Regarding the car that is being purchased, if there is a first installment, consecutive installments, and a final installment, and then you own the car. Okay, the Shaykh will answer.
Answer:
You own the car from the time of the contract; you own it from the time of the contract. However, the seller may pledge it until the price is paid. This is called a pledge (rahn). As for the sale, it is concluded by the mere contract, and it is your property, but the seller pledges it for its value. There is no harm in this. Yes.
Abu Rakan from the Prophet’s City, please, Abu Rakan, let us hear from you on the phone, Abu Rakan. You are on television. Peace be upon you. And upon you be peace. And upon you be peace. How are you, Shaykh? Praise be to Allah. Yes. I tell you, Shaykh. Abu Rakan is on television a little. Please go ahead. Regarding the car that is being purchased, if there is a first installment, consecutive installments, and a final installment, and then you own the car. Okay, the Shaykh will answer.
Answer:
You own the car from the time of the contract; you own it from the time of the contract. However, the seller may pledge it until the price is paid. This is called a pledge (rahn). As for the sale, it is concluded by the mere contract, and it is your property, but the seller pledges it for its value. There is no harm in this. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 2426 - إذا كان البيع بالتقسيط متى يكون تملك السلعة؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.