Forward sale in cars where the descriptions, price, and term are known
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Fatwa number ( 5593 )
Q: I took ten thousand from a person on the condition that I would buy him a Datsun car, model 83, in exchange for it, and that this would be one year
from the receipt of the aforementioned ten thousand. Is this contract permissible or not?
A: If the situation is as described, and the car’s descriptions are known, and the ten thousand is the entire price, and the term is known, then the contract is valid. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Q: I took ten thousand from a person on the condition that I would buy him a Datsun car, model 83, in exchange for it, and that this would be one year
from the receipt of the aforementioned ten thousand. Is this contract permissible or not?
A: If the situation is as described, and the car’s descriptions are known, and the ten thousand is the entire price, and the term is known, then the contract is valid. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.