The ruling on selling goods for a deferred price higher than the spot price, and the limit of the considered profit
Machine translationRead the Arabic original
The questioner:
May Allah reward you. In his third question, he asks: Is there riba (usury or interest) in selling on credit with the aim of a price higher than the spot price?
The Shaykh:
There is no riba in it. It is permissible to sell for immediate payment, on credit, or in installments at a price higher than the spot price; all of this is permissible. This is because the default in transactions is permissibility, except for what evidence indicates is forbidden, and because of His saying (Mighty and Majestic):[Al-Baqarah 2:275]. Yes.
The questioner:
Whether this profit is large or small, there is no limit set by the legal etiquettes or rulings, even if the benefit is great.
The Shaykh:
This follows the market price and the average. It is the average profit that does not involve injustice to the seller or oppression of the buyer; it is moderate. This is what is required. Yes.
May Allah reward you. In his third question, he asks: Is there riba (usury or interest) in selling on credit with the aim of a price higher than the spot price?
The Shaykh:
There is no riba in it. It is permissible to sell for immediate payment, on credit, or in installments at a price higher than the spot price; all of this is permissible. This is because the default in transactions is permissibility, except for what evidence indicates is forbidden, and because of His saying (Mighty and Majestic):
But Allah has permitted trade and has forbidden interest
وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَاThe questioner:
Whether this profit is large or small, there is no limit set by the legal etiquettes or rulings, even if the benefit is great.
The Shaykh:
This follows the market price and the average. It is the average profit that does not involve injustice to the seller or oppression of the buyer; it is moderate. This is what is required. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 5202- حكم بيع السلع بثمن مؤجل أكثر من ثمن البيع الحاضر، وحد الربح المعتبر - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.