The ruling on purchasing an item for double its value and paying its value after several months
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, it has become widespread in these days for people to take various items from others, such as cars or other things, and take them for double their value. If the car is worth fifty thousand, they take it from you for one hundred thousand on the condition that they return the value to you after several months or after one month. Is this form permissible? And does it fall under a partnership of capital?
Answer:
No, this is among the stratagems and the invalid, and this action is not permissible. They take the car for double its value. Why? And what is the reason? Double its value. This is all among the stratagems.
He says: Honorable Shaykh, may Allah grant you success, it has become widespread in these days for people to take various items from others, such as cars or other things, and take them for double their value. If the car is worth fifty thousand, they take it from you for one hundred thousand on the condition that they return the value to you after several months or after one month. Is this form permissible? And does it fall under a partnership of capital?
Answer:
No, this is among the stratagems and the invalid, and this action is not permissible. They take the car for double its value. Why? And what is the reason? Double its value. This is all among the stratagems.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1375 -2802] حكم شراء السلعة بضعف قيمتها ودفع قيمتها بعد أشهر - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.