The ruling on buying a car for a person and then selling it to him on installments with interest
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Question:
Honorable Shaykh, may Allah grant you success. The questioner says: A person asked me to buy him a car and then sell it to him on installments with an interest rate we agree upon. Is this action valid?
Answer:
If you bought it for him, you did not buy it for yourself in order to sell it to him. You bought it for him, paid the price on his behalf, and then recover it with an increase. This is a loan. You did not buy it for yourself; you bought it for him and paid its price as a loan, and it is returned to you with an increase. This is not permissible. However, if you buy the item and take ownership of it, and then sell it to him after you have taken ownership of it, there is no harm. Yes.
Honorable Shaykh, may Allah grant you success. The questioner says: A person asked me to buy him a car and then sell it to him on installments with an interest rate we agree upon. Is this action valid?
Answer:
If you bought it for him, you did not buy it for yourself in order to sell it to him. You bought it for him, paid the price on his behalf, and then recover it with an increase. This is a loan. You did not buy it for yourself; you bought it for him and paid its price as a loan, and it is returned to you with an increase. This is not permissible. However, if you buy the item and take ownership of it, and then sell it to him after you have taken ownership of it, there is no harm. Yes.
Source
المنتقى من أخبار سيد المرسلين 22-05-1433هـ — alfawzan.live (1:09:22)
The Arabic text is a machine transcription of the audio recording.