The Ruling on Buying a Car on Installment
Machine translationRead the Arabic original
Question:
We move on to Ahmad from al-Qassim. Yes, peace be upon you, and upon you be peace and the mercy of Allah. How is the Shaykh? He is well and in good health. Please, state your question. I have two questions. The first is: What is the ruling on a man buying a car on credit and then selling it in installments? Apply the ruling to it. Very well, thank you very much, Ahmad. Please, Shaykh.
Answer:
Yes, it is permissible to buy a car or anything else for a cash price or for a deferred price, whether with a single due date or in installments.[Al-Baqarah 2:275] The Prophet (peace and blessings be upon him) also bought on credit. So deferring payment is permissible, and there is no harm in it. Yes.
We move on to Ahmad from al-Qassim. Yes, peace be upon you, and upon you be peace and the mercy of Allah. How is the Shaykh? He is well and in good health. Please, state your question. I have two questions. The first is: What is the ruling on a man buying a car on credit and then selling it in installments? Apply the ruling to it. Very well, thank you very much, Ahmad. Please, Shaykh.
Answer:
Yes, it is permissible to buy a car or anything else for a cash price or for a deferred price, whether with a single due date or in installments.
But Allah has permitted trade and has forbidden interest
وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا
Source
قناة «العلامة الدكتور صالح الفوزان»، حكم شراء سيارة بالتقسيط - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.