What is the ruling on buying a car on installments and selling it for cash?
Machine translationRead the Arabic original
The questioner : Yes. Hello.
The Shaykh : Yes.
The questioner : Peace be upon you.
The Shaykh : Peace be upon you and Allah's mercy.
The questioner : How are you, Sir?
The Shaykh : Yes, and all praise is due to Allah.
The questioner : Shaykh, I am asking about the car. If I bought it on installments, I bought a car on installments and I want to sell it for cash. Is there any harm? My intention is not for the car; my intention is the money, Shaykh. I want to get the money.
The Shaykh : This issue is called tawarruq (a commodity sale used to obtain cash) among the scholars. It is when a person needs money and buys a commodity at a deferred price that is higher than its cash price, in order to sell it and benefit from its price. There is disagreement among the scholars regarding this issue. Some scholars forbade it, such as Shaykh al-Islam Ibn Taymiyyah (may Allah have mercy on him), and others permitted it on the condition that the person has a need for the money.
The questioner : Certainly, if Allah wills, we are taking only the amount of the money, if Allah wills.
The Shaykh : However, if he buys the car on a deferred basis because he wants the car, and then he decides to sell it after that, there is no problem with its permissibility according to all scholars, as far as we know.
The questioner : Okay, I don't know. Given this disagreement, is it better for me to take it or leave it?
The Shaykh : By Allah, my opinion, which I advise you to follow, is that you should not take it.
The questioner : Yes.
The Shaykh : There was disagreement in the issue.
The questioner : May Allah reward you with good.
The Shaykh : It is strong because the one who opposed it is a well-known man, Shaykh al-Islam Ibn Taymiyyah (may Allah have mercy on him). His student Ibn al-Qayyim said about him: "Our Shaykh would review this issue repeatedly, but he would say that it is forbidden."
The questioner : May Allah bless you, Shaykh. May Allah reward you with good. May Allah bless you. With
The Shaykh : Yes.
The questioner : Peace be upon you.
The Shaykh : Peace be upon you and Allah's mercy.
The questioner : How are you, Sir?
The Shaykh : Yes, and all praise is due to Allah.
The questioner : Shaykh, I am asking about the car. If I bought it on installments, I bought a car on installments and I want to sell it for cash. Is there any harm? My intention is not for the car; my intention is the money, Shaykh. I want to get the money.
The Shaykh : This issue is called tawarruq (a commodity sale used to obtain cash) among the scholars. It is when a person needs money and buys a commodity at a deferred price that is higher than its cash price, in order to sell it and benefit from its price. There is disagreement among the scholars regarding this issue. Some scholars forbade it, such as Shaykh al-Islam Ibn Taymiyyah (may Allah have mercy on him), and others permitted it on the condition that the person has a need for the money.
The questioner : Certainly, if Allah wills, we are taking only the amount of the money, if Allah wills.
The Shaykh : However, if he buys the car on a deferred basis because he wants the car, and then he decides to sell it after that, there is no problem with its permissibility according to all scholars, as far as we know.
The questioner : Okay, I don't know. Given this disagreement, is it better for me to take it or leave it?
The Shaykh : By Allah, my opinion, which I advise you to follow, is that you should not take it.
The questioner : Yes.
The Shaykh : There was disagreement in the issue.
The questioner : May Allah reward you with good.
The Shaykh : It is strong because the one who opposed it is a well-known man, Shaykh al-Islam Ibn Taymiyyah (may Allah have mercy on him). His student Ibn al-Qayyim said about him: "Our Shaykh would review this issue repeatedly, but he would say that it is forbidden."
The questioner : May Allah bless you, Shaykh. May Allah reward you with good. May Allah bless you. With
Source
قناة «فضيلة الشيخ محمد بن صالح العثيمين»، 1831- ما حكم شراء سيارة اقساط وبيعها حاضرا /سؤال على الهاتف 📞 /ابن عثيمين — youtube.com
The Arabic text is a machine transcription of the audio recording.