The ruling on selling with a debt involving an increase in the price
Machine translationRead the Arabic original
The questioner:
Next year, he does not have the money now, and next year the owner of the money says, give it to me for fifteen, from this, from any place?
The Shaykh:
No, there is nothing wrong. If he buys something worth ten for fifteen on credit, there is no open sinfulness, it is not riba (usury or interest). Riba is buying ten for fifteen in cash. But buying something worth ten for fifteen on credit is the business of people in debt; they do not incur debt except with an increase for the sake of profit.
The presenter:
(peace and blessings be upon him). To a child.
The Shaykh:
And this is a loan, this is credit. He buys a commodity, a car comes that is worth sixty thousand, he buys it for eighty thousand in installments, there is no harm. This is buying and selling, and it is a loan.
Next year, he does not have the money now, and next year the owner of the money says, give it to me for fifteen, from this, from any place?
The Shaykh:
No, there is nothing wrong. If he buys something worth ten for fifteen on credit, there is no open sinfulness, it is not riba (usury or interest). Riba is buying ten for fifteen in cash. But buying something worth ten for fifteen on credit is the business of people in debt; they do not incur debt except with an increase for the sake of profit.
The presenter:
(peace and blessings be upon him). To a child.
The Shaykh:
And this is a loan, this is credit. He buys a commodity, a car comes that is worth sixty thousand, he buys it for eighty thousand in installments, there is no harm. This is buying and selling, and it is a loan.
Source
التعليق على بعض أحاديث مسند أحمد، تابع شرح مسند ابن عباس، من أول حديث: اطلعت في الجنة فرأيت أكثر أهلها الفقراء — islamhouse.com (13:29)
The Arabic text is a machine transcription of the audio recording.