The Difference Between a Loan and a Sale in the Purchase of Land
Machine translationRead the Arabic original
Question:
A person asked another to lend him a sum of money, so the lender agreed to have the borrower look for land for the lender to buy. What is the ruling on this? May you be rewarded.
Answer:
This is not a loan; this is a sale. A person does not sell something before he owns it. If the land is in his ownership, he sells it to the requester or the one in need for its price. As for a loan, a loan means that you pay a sum to a person to meet his need, and then he returns it to you without any increase. That is the loan. As for the matter of lands and houses, this is not a loan; it is a sale, and it is subject to the conditions of a sale. So do not mix up a sale and a loan. Yes.
A person asked another to lend him a sum of money, so the lender agreed to have the borrower look for land for the lender to buy. What is the ruling on this? May you be rewarded.
Answer:
This is not a loan; this is a sale. A person does not sell something before he owns it. If the land is in his ownership, he sells it to the requester or the one in need for its price. As for a loan, a loan means that you pay a sum to a person to meet his need, and then he returns it to you without any increase. That is the loan. As for the matter of lands and houses, this is not a loan; it is a sale, and it is subject to the conditions of a sale. So do not mix up a sale and a loan. Yes.
Source
قناة «مكة و المدينة»، 06 فتاوى على الهواء - 09 / 03 / 1433هـ _ الشيخ صالح الفوزان — youtube.com (30:31)
The Arabic text is a machine transcription of the audio recording.