The ruling on selling goods on credit when prices rise
Machine translationRead the Arabic original
Question:
Abu Ahmad from Sudan says: I own a shop and I deal in credit, so I give some people credit. However, the prices of the goods are rising sharply every day. By the time they come to pay off their debt, the goods have increased to three times their original price. Should I record only the name of the goods without their value, so that they pay me at the price of the day they come back to me? Knowing that the price may exceed what they paid by several times? Or is this riba (usury or interest)?
Answer:
This is not permissible. Rather, the value of the goods is considered at the time of their delivery to the customer, at the time of delivery to the customer, yes.
The presenter:
Yes, may Allah bless you.
Abu Ahmad from Sudan says: I own a shop and I deal in credit, so I give some people credit. However, the prices of the goods are rising sharply every day. By the time they come to pay off their debt, the goods have increased to three times their original price. Should I record only the name of the goods without their value, so that they pay me at the price of the day they come back to me? Knowing that the price may exceed what they paid by several times? Or is this riba (usury or interest)?
Answer:
This is not permissible. Rather, the value of the goods is considered at the time of their delivery to the customer, at the time of delivery to the customer, yes.
The presenter:
Yes, may Allah bless you.
Source
قناة «إذاعة القرآن الكريم»، نورعلى الدرب مع معالي الشيخ صالح الفوزان ح7514 — youtube.com (2:41)
The Arabic text is a machine transcription of the audio recording.