The Ruling on Installment Sales and Exchanging a Car for a Car with an Additional Amount
Machine translationRead the Arabic original
The questioner:
And he said: O Shaykh, may Allah grant you success, is it not considered misleading to mix between two sales in one sale?
The Shaykh:
No, installment sales are permissible and there is no blame on them, and praise be to Allah. It is permissible to sell a commodity for a price paid in installments. The evidence for this is the sale of manumission (bay' al-kitabah), where a slave buys his own freedom from his master for a value he pays in installments. This is permissible in Islam, and it is a sale, just like other sales. An installment sale is fine because it contains no excessive uncertainty (gharar) or ignorance. For example, selling a car for fifty thousand, with the buyer paying one thousand riyals each month, there is no obstacle. This is a facilitation for the buyer and a benefit for the seller, and it contains no gharar or ignorance. Therefore, those who say that installment sales are forbidden are mistaken.
The questioner:
And thank you, even if they have it.
The Shaykh:
What is contrary to that, if an additional amount of money is added to one of the cars because it is less than the one without the money, there is no harm.
The questioner:
A new car, its presence, I have an old car.
The Shaykh:
No, what is contrary to that.
The questioner:
You are standing.
The Shaykh:
Do you mean: I buy a new car from you for fifty thousand, or I buy a new car from you by exchanging my old car plus ten thousand? There is no problem.
And he said: O Shaykh, may Allah grant you success, is it not considered misleading to mix between two sales in one sale?
The Shaykh:
No, installment sales are permissible and there is no blame on them, and praise be to Allah. It is permissible to sell a commodity for a price paid in installments. The evidence for this is the sale of manumission (bay' al-kitabah), where a slave buys his own freedom from his master for a value he pays in installments. This is permissible in Islam, and it is a sale, just like other sales. An installment sale is fine because it contains no excessive uncertainty (gharar) or ignorance. For example, selling a car for fifty thousand, with the buyer paying one thousand riyals each month, there is no obstacle. This is a facilitation for the buyer and a benefit for the seller, and it contains no gharar or ignorance. Therefore, those who say that installment sales are forbidden are mistaken.
The questioner:
And thank you, even if they have it.
The Shaykh:
What is contrary to that, if an additional amount of money is added to one of the cars because it is less than the one without the money, there is no harm.
The questioner:
A new car, its presence, I have an old car.
The Shaykh:
No, what is contrary to that.
The questioner:
You are standing.
The Shaykh:
Do you mean: I buy a new car from you for fifty thousand, or I buy a new car from you by exchanging my old car plus ten thousand? There is no problem.
Source
قناة «العلامة الدكتور صالح الفوزان»، 9 من 89|شرح العدة في شرح العمدة|البيوع|فصل في حكم بيع الملامسة والمنابذة|صالح الفوزان|الفقه — youtube.com (32:44)
The Arabic text is a machine transcription of the audio recording.