What is the ruling on selling an item whose installments have not been paid in full?
Machine translationRead the Arabic original
Question:
He says: I bought a house on installments and paid 10% of the value, and they gave me the sales contract. Then, after that, I sold this house to another person on installments, knowing that I had not received or paid anything other than 10% of the installments. Is this sale permissible in this form, and is the contract given to the buyer?
Answer:
The house is your property as long as you bought it with a valid purchase for an installment price. Once it is on installments, it becomes your property, and it is permissible for you to sell it, unless it is mortgaged. If it is mortgaged to the seller, it is not permissible for you to sell it. But if there is no mortgage on it, there is no harm in selling it for a cash price or a deferred price.
He says: I bought a house on installments and paid 10% of the value, and they gave me the sales contract. Then, after that, I sold this house to another person on installments, knowing that I had not received or paid anything other than 10% of the installments. Is this sale permissible in this form, and is the contract given to the buyer?
Answer:
The house is your property as long as you bought it with a valid purchase for an installment price. Once it is on installments, it becomes your property, and it is permissible for you to sell it, unless it is mortgaged. If it is mortgaged to the seller, it is not permissible for you to sell it. But if there is no mortgage on it, there is no harm in selling it for a cash price or a deferred price.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم بيع شيء لم تسدد أقساطه؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.