Selling Cars on Installment and the Transfer of Ownership to the Buyer

Question:
What is the ruling on selling cars on installment with the transfer of ownership to the buyer delayed until the full amount is paid? Is this considered tawarruq (a commodity sale used to obtain cash)? And if the buyer is unable to pay in the middle of the year, what should be done?

Answer:
Ownership begins from the time of the contract, from the completion of the contract, the sale contract. So, if the offer and acceptance are completed, ownership transfers to the buyer, unless there is a condition, unless there is an option. If there is an option, such as the option of the session or the option by condition, then ownership begins from the end of the option. As for if there is no option, then ownership transfers upon the utterance of the formula of sale, which is the offer and acceptance, provided the conditions of the contract are met. And if the seller wants to secure himself from the buyer regarding the deferred price, he pledges, he pledges the item, the car or whatever else, he pledges it at its value until it is paid off, and this serves as a guarantee, and by this the desired result is achieved. Yes.

The presenter:
May Allah reward you with good.