What is your advice regarding the approaching due date for debt repayment, when I do not have enough, and some people have offered to give me ten?
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Question:
A questioner says: I borrowed money, and when the time for repayment came, I did not find what I could use to pay off my debts. He found that there are some people who can give him ten. He says: I borrowed money and have not been able to pay off my debt until now, and I have found people who will give me ten for twelve. What do you advise me to do? May Allah reward you with good.
Answer:
No, no, no. Buy it in installments and pay off the debt. You buy a car in installments worth fifty, you buy it for sixty in installments, with a known term, you sell it and pay off the debt, or you get married, or you build a house for yourself. There is no harm in this. This is borrowing in the correct sense, and there is no harm in it. If it is for the purpose of selling, the common people call it *al-ma'dah*, and the jurists call it *tawarruq* (a commodity sale used to obtain cash). There is nothing wrong with that. You buy a house, land, or cars in known installments that exist with the seller, owned by the seller, present with him. He sells it to you in monthly or annual installments. Then you sell it after you receive it, selling it for cash, and you pay off the debt on you, or you get married, or you build a house for yourself, or something similar. There is no harm. This is the correct approach.
A questioner says: I borrowed money, and when the time for repayment came, I did not find what I could use to pay off my debts. He found that there are some people who can give him ten. He says: I borrowed money and have not been able to pay off my debt until now, and I have found people who will give me ten for twelve. What do you advise me to do? May Allah reward you with good.
Answer:
No, no, no. Buy it in installments and pay off the debt. You buy a car in installments worth fifty, you buy it for sixty in installments, with a known term, you sell it and pay off the debt, or you get married, or you build a house for yourself. There is no harm in this. This is borrowing in the correct sense, and there is no harm in it. If it is for the purpose of selling, the common people call it *al-ma'dah*, and the jurists call it *tawarruq* (a commodity sale used to obtain cash). There is nothing wrong with that. You buy a house, land, or cars in known installments that exist with the seller, owned by the seller, present with him. He sells it to you in monthly or annual installments. Then you sell it after you receive it, selling it for cash, and you pay off the debt on you, or you get married, or you build a house for yourself, or something similar. There is no harm. This is the correct approach.
Source
قناة «فضيلة الشيخ ابن باز Alsheikh Binbaz»، 443 ما نصيحتكم بخصوص اقتراب موعد سداد الديون وليس معي ما يكفي وهناك بعض الناس عرضوا أن يعطوني عشرة — youtube.com
The Arabic text is a machine transcription of the audio recording.