The ruling on selling a commodity on credit for a higher price
Machine translationRead the Arabic original
Question:
He asks secondly about the ruling on one who sells a car whose price is such-and-such, its price being ten thousand riyals, for thirteen thousand riyals, but the price is received after one year. Is there any objection?
Answer:
There is no objection. There is no objection to selling on credit for a higher price. A commodity may be sold on credit for a price higher than the spot price, because people do not sell on credit except for a higher price, and there is no objection to that.
He asks secondly about the ruling on one who sells a car whose price is such-and-such, its price being ten thousand riyals, for thirteen thousand riyals, but the price is received after one year. Is there any objection?
Answer:
There is no objection. There is no objection to selling on credit for a higher price. A commodity may be sold on credit for a price higher than the spot price, because people do not sell on credit except for a higher price, and there is no objection to that.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم صلاة الجماعة في حقول البترول؟ للشيخ الفوزان — youtube.com (0:40)
The Arabic text is a machine transcription of the audio recording.