Selling on Credit and Buying the Commodity from the Debtor
Machine translationRead the Arabic original
Question:
The questioner says: A man lends money to people and gives them goods at twice their market price, and when he buys from them, he buys at half the market price. Is this practice considered riba (usury or interest)?
Answer:
If he sells him a commodity on credit with a deferred price, it is not permissible for him to buy it back. It is not permissible for the creditor to buy it back. If the debtor sells it to someone else, it is not permissible for the creditor to buy it back, and it will return to him. As for increasing the price according to the duration of the deferral, it is not permissible for a person to increase it excessively and exploit his brother’s dire necessity. He should only increase it by a customary amount, a customary amount of justice, and not increase it excessively to exploit his need and dire necessity. Yes.
The presenter:
May Allah reward you.
The questioner says: A man lends money to people and gives them goods at twice their market price, and when he buys from them, he buys at half the market price. Is this practice considered riba (usury or interest)?
Answer:
If he sells him a commodity on credit with a deferred price, it is not permissible for him to buy it back. It is not permissible for the creditor to buy it back. If the debtor sells it to someone else, it is not permissible for the creditor to buy it back, and it will return to him. As for increasing the price according to the duration of the deferral, it is not permissible for a person to increase it excessively and exploit his brother’s dire necessity. He should only increase it by a customary amount, a customary amount of justice, and not increase it excessively to exploit his need and dire necessity. Yes.
The presenter:
May Allah reward you.
Source
بلوغ المرام 20-08-1433هـ — alfawzan.live (51:44)
The Arabic text is a machine transcription of the audio recording.