The ruling on selling a camel for a deferred price and buying it back for a spot price
Machine translationRead the Arabic original
Question:
This is the last question. May Allah reward you. He says: I sold my camel for ten thousand on installments, and I bought it back for eight thousand in cash. Is that permissible for me?
Answer:
No, it is not permissible for you to sell it for a deferred price and buy it back for a lower spot price. This is the issue of 'inah (a buy-back sale used to disguise a loan), which is prohibited, and it is a type of riba (usury or interest) and a stratagem to obtain riba. This is not permissible. Yes.
This is the last question. May Allah reward you. He says: I sold my camel for ten thousand on installments, and I bought it back for eight thousand in cash. Is that permissible for me?
Answer:
No, it is not permissible for you to sell it for a deferred price and buy it back for a lower spot price. This is the issue of 'inah (a buy-back sale used to disguise a loan), which is prohibited, and it is a type of riba (usury or interest) and a stratagem to obtain riba. This is not permissible. Yes.
Source
لقاء مفتوح بالطائف 30-06-1434هـ — alfawzan.live (13:06)
The Arabic text is a machine transcription of the audio recording.