The Ruling on the System of Hire-Purchase Ending in Ownership
Machine translationRead the Arabic original
Question:
I ask Allah for your benefit. What is the ruling on the deferred payment system that ends in ownership, given that it does not require a final payment?
Answer:
A decision has been issued by the Committee of Senior Scholars that it is forbidden, because it combines two different contracts with different rulings. Also, the sale that ends in ownership is unknown as to when it ends and what the state of the item will be at the end. The state of the car at the end may be that it is worth nothing. This is an unknown matter. And a sale requires clarity, clarity of the price and clarity of the item being sold. Yes. So it contains ambiguity and excessive uncertainty. Yes.
The presenter:
May Allah reward you,
I ask Allah for your benefit. What is the ruling on the deferred payment system that ends in ownership, given that it does not require a final payment?
Answer:
A decision has been issued by the Committee of Senior Scholars that it is forbidden, because it combines two different contracts with different rulings. Also, the sale that ends in ownership is unknown as to when it ends and what the state of the item will be at the end. The state of the car at the end may be that it is worth nothing. This is an unknown matter. And a sale requires clarity, clarity of the price and clarity of the item being sold. Yes. So it contains ambiguity and excessive uncertainty. Yes.
The presenter:
May Allah reward you,
Source
شرح كتاب الكبائر للإمام محمد بن عبد الوهاب، باب ما جاء في أخوة الإسلام وحق المسلم على المسلم — islamhouse.com (1:07:45)
The Arabic text is a machine transcription of the audio recording.