Is it permissible to reclaim cars sold on installment if the buyer has not paid?
Machine translationRead the Arabic original
The questioner:
The questioner says: I sell cars on monthly installments. Is it permissible for me to reclaim them from the buyer once he has taken possession of them, without any prior conditions?
The Shaykh:
Yes.
The questioner:
He says: I sell cars on monthly installments. Is it permissible for me to reclaim them, meaning if he has not paid and has taken possession of them, without any prior conditions?
The Shaykh:
If you sell a car or other goods for a deferred price and the owner wants to sell it to you, do not buy it from him. Do not buy it from him while the price remains a debt in your possession. Yes, because this becomes a case of 'inah (a buy-back sale used to disguise a loan). You sell something for a deferred price, then reclaim it and buy it back for a price lower than the deferred amount. This is the issue of 'inah.
The questioner says: I sell cars on monthly installments. Is it permissible for me to reclaim them from the buyer once he has taken possession of them, without any prior conditions?
The Shaykh:
Yes.
The questioner:
He says: I sell cars on monthly installments. Is it permissible for me to reclaim them, meaning if he has not paid and has taken possession of them, without any prior conditions?
The Shaykh:
If you sell a car or other goods for a deferred price and the owner wants to sell it to you, do not buy it from him. Do not buy it from him while the price remains a debt in your possession. Yes, because this becomes a case of 'inah (a buy-back sale used to disguise a loan). You sell something for a deferred price, then reclaim it and buy it back for a price lower than the deferred amount. This is the issue of 'inah.
Source
قناة «العلامة الدكتور صالح الفوزان»، هل يجوز استعادة السيارات المباعة بالتقسيط إذا لم يسدد المشتري؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.