A lease agreement ending in ownership is an invalid contract
Machine translationRead the Arabic original
Question:
Salih from Riyadh, please, my brother Salih. Peace be upon you, and Allah’s mercy and blessings. And upon you be peace, and Allah’s mercy and blessings. Honorable Shaykh. No, no. I got a car from a company that offers lease-to-own agreements for a period of four years. I paid off this amount, and at the end of the contract, the final installment of fifteen thousand riyals remained. They asked me to pay it, but I did not have the amount, so they asked that it be paid with additional profits. What is the ruling on this, Honorable Shaykh?
Answer:
My brother, this is an invalid contract. A lease ending in ownership is an invalid contract and is not valid. If you want the car, buy it anew with a new purchase. As for what has passed of the lease ending in ownership, it is an invalid contract upon which no legal ruling is built. Yes.
Salih from Riyadh, please, my brother Salih. Peace be upon you, and Allah’s mercy and blessings. And upon you be peace, and Allah’s mercy and blessings. Honorable Shaykh. No, no. I got a car from a company that offers lease-to-own agreements for a period of four years. I paid off this amount, and at the end of the contract, the final installment of fifteen thousand riyals remained. They asked me to pay it, but I did not have the amount, so they asked that it be paid with additional profits. What is the ruling on this, Honorable Shaykh?
Answer:
My brother, this is an invalid contract. A lease ending in ownership is an invalid contract and is not valid. If you want the car, buy it anew with a new purchase. As for what has passed of the lease ending in ownership, it is an invalid contract upon which no legal ruling is built. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 1813 - عقد الإيجار المنتهي بالتمليك عقد باطل - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.
