The Buy-Back Sale
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The third question of Fatwa No. ( 4104 ):
Q3: If a car is sold to a person on installment, knowing that the installment price is higher than the car's value, and then he asks me to buy it from him for less than what he bought it from me for, what is the ruling on that?
A3: This issue is called the issue of the buy-back sale, and its ruling is prohibition. The basis for this is what has come from the scriptural evidence indicating the prohibition of it.
Q3: If a car is sold to a person on installment, knowing that the installment price is higher than the car's value, and then he asks me to buy it from him for less than what he bought it from me for, what is the ruling on that?
A3: This issue is called the issue of the buy-back sale, and its ruling is prohibition. The basis for this is what has come from the scriptural evidence indicating the prohibition of it.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.