A bank loan in the form of buying iron and selling it to them
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. A questioner says: I took a loan from the bank, and this is its form. I bought iron from them for one hundred thousand, but I did not take possession of this iron; rather, I sold it directly to the bank for eighty thousand, and the money is in my possession. His question is: Is this form of sale valid?
Answer:
No. Sell it to others. Buy the iron from them, move it from their place, and sell it to others. You benefit from its price. Do not sell it to them, and do not appoint them as agents to sell it.
Honorable Shaykh, may Allah grant you success. A questioner says: I took a loan from the bank, and this is its form. I bought iron from them for one hundred thousand, but I did not take possession of this iron; rather, I sold it directly to the bank for eighty thousand, and the money is in my possession. His question is: Is this form of sale valid?
Answer:
No. Sell it to others. Buy the iron from them, move it from their place, and sell it to others. You benefit from its price. Do not sell it to them, and do not appoint them as agents to sell it.
Source
شرح إغاثة اللهفان من مصائد الشيطان لابن القيم، بداية من : الوجه الثامن : أن النبي - صلى الله عليه وسلم - قال : إنما الأعمال بالنيات وإنما لكل امرىء ما نوى — islamhouse.com (49:41)
The Arabic text is a machine transcription of the audio recording.