Selling a car as a loan
Machine translationRead the Arabic original
Question:
May Allah bless you. This questioner says: I went to a man to ask him to lend me money, and he said to me, "Sell this car of yours, and the price will be a loan for you." Is this transaction valid?
Answer:
If he appoints you as his agent to sell his car and lends you the price, there is nothing wrong with that. However, it may be observed that he intended to benefit from this loan, because you take the car and exert yourself in selling it, thereby saving him some effort or the responsibility of selling the car. If this is the intention, it is not permissible, based on the saying of the Messenger (peace and blessings be upon him)Bulugh al-Maram 7:99 Yes.
May Allah bless you. This questioner says: I went to a man to ask him to lend me money, and he said to me, "Sell this car of yours, and the price will be a loan for you." Is this transaction valid?
Answer:
If he appoints you as his agent to sell his car and lends you the price, there is nothing wrong with that. However, it may be observed that he intended to benefit from this loan, because you take the car and exert yourself in selling it, thereby saving him some effort or the responsibility of selling the car. If this is the intention, it is not permissible, based on the saying of the Messenger (peace and blessings be upon him)
Every loan, which leads to a benefit, is usury.
كُلُّ قَرْضٍ جَرَّ مَنْفَعَةً فَهُوَ رِبًا،
Source
نور على الدرب - الفوزان - 02/238 — archive.org (6:57)
The Arabic text is a machine transcription of the audio recording.