Is it permissible to take a loan, and to buy some goods and then have the owner of the goods take them back at a reduced value?
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Question:
We take a loan, which the students of knowledge call an 'inah (buy-back sale used to disguise a loan), as they say. We buy some goods from the owner of the goods, and then he takes them back from us at a reduced value and gives us money. Many of my colleagues do this in al-Jabrah. Is this permissible?
Answer:
This is not permissible. It is forbidden to do this. For example, he buys the item for one thousand, then sells it back to the owner from whom he bought it for eight hundred, and takes the money. This is riba (usury or interest); it is a stratagem to commit riba. The meaning is that he took eight hundred from him in exchange for one thousand.
We take a loan, which the students of knowledge call an 'inah (buy-back sale used to disguise a loan), as they say. We buy some goods from the owner of the goods, and then he takes them back from us at a reduced value and gives us money. Many of my colleagues do this in al-Jabrah. Is this permissible?
Answer:
This is not permissible. It is forbidden to do this. For example, he buys the item for one thousand, then sells it back to the owner from whom he bought it for eight hundred, and takes the money. This is riba (usury or interest); it is a stratagem to commit riba. The meaning is that he took eight hundred from him in exchange for one thousand.
Source
قناة «فضيلة الشيخ ابن باز Alsheikh Binbaz»، 330 هل يجوز أخذ الدينة، وشراء بضاعةً ما ثم يأخذها صاحب البضاعة بناقص في القيمة؟ للإمام ابن باز — youtube.com
The Arabic text is a machine transcription of the audio recording.