The ruling on selling on credit at a price higher than the cash price
Machine translationRead the Arabic original
Question:
And what about? Or for some of those who transport cars. You sell this car to the one who wants to buy it for a higher amount.
Answer:
What is its ruling? I prefer the view that he wants you to own a car. Alone. This car that he wants to buy for a higher amount. Until the day of Islam. This is necessary; if there were no increase, people would not have accepted deferred payment. If there were no increase in the deferred sale, people would not have accepted deferral, and people need deferral. So there is no harm in selling an item on credit for more than its cash price.
This is how the Muslims have been selling since the time of the Prophet (peace and blessings be upon him) without any objection, and this provides ease for the people. The one who rejects deferred sales and the increase in them is mistaken.
He is mistaken and not a jurist either, because if he had studied jurisprudence and known the texts, he would have found that selling on credit at a price higher than the cash price is what is in accordance with the texts and with the practice of Muslims in various eras.
If we were to close this door, the interests of Muslims would be hindered. If we said that a deferred sale with an increase is invalid, the interests of Muslims would be hindered. The default in transactions is permissibility, except for what evidence indicates is prohibited. And evidence did not indicate the prohibition of deferred sales; rather, evidence indicated their permissibility.
And what about? Or for some of those who transport cars. You sell this car to the one who wants to buy it for a higher amount.
Answer:
What is its ruling? I prefer the view that he wants you to own a car. Alone. This car that he wants to buy for a higher amount. Until the day of Islam. This is necessary; if there were no increase, people would not have accepted deferred payment. If there were no increase in the deferred sale, people would not have accepted deferral, and people need deferral. So there is no harm in selling an item on credit for more than its cash price.
This is how the Muslims have been selling since the time of the Prophet (peace and blessings be upon him) without any objection, and this provides ease for the people. The one who rejects deferred sales and the increase in them is mistaken.
He is mistaken and not a jurist either, because if he had studied jurisprudence and known the texts, he would have found that selling on credit at a price higher than the cash price is what is in accordance with the texts and with the practice of Muslims in various eras.
If we were to close this door, the interests of Muslims would be hindered. If we said that a deferred sale with an increase is invalid, the interests of Muslims would be hindered. The default in transactions is permissibility, except for what evidence indicates is prohibited. And evidence did not indicate the prohibition of deferred sales; rather, evidence indicated their permissibility.
Source
قناة «العلامة الدكتور صالح الفوزان»، 16 من 89|شرح العدة في شرح العمدة|البيوع|باب القرض وغيره|صالح الفوزان|الفقه|كبار العلماء — youtube.com (24:02)
The Arabic text is a machine transcription of the audio recording.
