The sale of a debt to another company and its settlement
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, may Allah grant you success, he says: I was in debt to a company, and then I contacted them to settle this debt.
The Shaykh:
I was.
The questioner:
I was in debt to a company, and then I contacted them to settle this debt, but they informed me that they had sold the debt to another company and that I must contact them. He says: These transactions happen frequently between companies in my country. His question is: Does the obligation to settle the debt remain on me?
The Shaykh:
It is permissible to sell a debt to someone other than the debtor. It is permissible to sell the debt to the debtor. If you have food with him, it is permissible to sell it to him for dirhams; he gives you dirhams in exchange for it, which remain in his liability. This is because it involves immediate exchange. He takes possession of what is in his liability and delivers the price to you. However, selling a debt to someone other than the one in whose liability it is held is not permissible. Yes.
Honorable Shaykh, may Allah grant you success, he says: I was in debt to a company, and then I contacted them to settle this debt.
The Shaykh:
I was.
The questioner:
I was in debt to a company, and then I contacted them to settle this debt, but they informed me that they had sold the debt to another company and that I must contact them. He says: These transactions happen frequently between companies in my country. His question is: Does the obligation to settle the debt remain on me?
The Shaykh:
It is permissible to sell a debt to someone other than the debtor. It is permissible to sell the debt to the debtor. If you have food with him, it is permissible to sell it to him for dirhams; he gives you dirhams in exchange for it, which remain in his liability. This is because it involves immediate exchange. He takes possession of what is in his liability and delivers the price to you. However, selling a debt to someone other than the one in whose liability it is held is not permissible. Yes.
Source
المنتقى من أخبار سيد المرسلين 14-03-1434هـ — alfawzan.live (1:04:21)
The Arabic text is a machine transcription of the audio recording.