What is the ruling on what some companies do, selling cars and then leasing them back from the owner for a specific amount?
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success, he says: A company sells cars and then leases them back from the owner for three years for a known amount. Is this permissible?
Answer:
It is between a sale and a lease, and it is not permissible. The Prophet (peace and blessings be upon him) forbade two sales in one sale. If this is a condition, that we sell it to you on the condition that you lease it to us, this is forbidden and not permissible. He forbade two sales in one sale. Yes. But if they sold it to him without intending it or making it a condition that he lease it to them, and then he leases it to someone else, there is no harm. Yes.
Honorable Shaykh, may Allah grant you success, he says: A company sells cars and then leases them back from the owner for three years for a known amount. Is this permissible?
Answer:
It is between a sale and a lease, and it is not permissible. The Prophet (peace and blessings be upon him) forbade two sales in one sale. If this is a condition, that we sell it to you on the condition that you lease it to us, this is forbidden and not permissible. He forbade two sales in one sale. Yes. But if they sold it to him without intending it or making it a condition that he lease it to them, and then he leases it to someone else, there is no harm. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1696 -3022] ما حكم ما تقوم به بعض الشركات من بيع السيارات ثم استئجارها من صاحبها بمبلغ معين؟ — youtube.com
The Arabic text is a machine transcription of the audio recording.