Selling a car and then buying it back for a lower cash price
Machine translationRead the Arabic original
Question:
Peace be upon you. This questioner asks: Does this scenario count as one of the forms of riba? Zayd sold a car to 'Amr for thirty thousand riyals cash, then Zayd bought it back from 'Amr for twenty thousand riyals cash.
Answer:
What? He says Zayd sold a car to 'Amr for thirty thousand riyals cash, then Zayd bought it back from 'Amr for twenty thousand riyals cash. Because in reality he sold twenty thousand of it, and made the car merely a cover, whereas in fact he paid twenty thousand and did not borrow thirty thousand in its place. He made the car a ruse, a bad form, so this is forbidden, and it is not permissible, and this is a deception regarding riba. Yes.
Peace be upon you. This questioner asks: Does this scenario count as one of the forms of riba? Zayd sold a car to 'Amr for thirty thousand riyals cash, then Zayd bought it back from 'Amr for twenty thousand riyals cash.
Answer:
What? He says Zayd sold a car to 'Amr for thirty thousand riyals cash, then Zayd bought it back from 'Amr for twenty thousand riyals cash. Because in reality he sold twenty thousand of it, and made the car merely a cover, whereas in fact he paid twenty thousand and did not borrow thirty thousand in its place. He made the car a ruse, a bad form, so this is forbidden, and it is not permissible, and this is a deception regarding riba. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، اللقاء الأسبوعي-22 من 32-لفضيلة الشيخ صالح بن فوزان الفوزان -حفظه الله- مشروع كبار العلماء — youtube.com (32:51)
The Arabic text is a machine transcription of the audio recording.