The Explanation of 'Inah in Sales and an Example of It
Machine translationRead the Arabic original
Question:
This questioner asks about the issue of 'inah in buying and selling, what an example of it is, and what the ruling of the Shari'ah is regarding it?
Answer:
'Inah is when you buy a commodity for a deferred price that is higher than the spot price, and then you sell it back to the one from whom you bought it for a spot price that is lower than the deferred price. When the due date arrives, you settle the previous debt with him. This is 'inah. It is said that the term is derived from "ayn" (the eye), meaning gold or silver. It is also said that it is called 'inah because the creditor returned to the actual substance of his money, and the commodity was made a ruse. It is a sale of dirhams for dirhams, and the commodity is made a ruse in this manner.
This questioner asks about the issue of 'inah in buying and selling, what an example of it is, and what the ruling of the Shari'ah is regarding it?
Answer:
'Inah is when you buy a commodity for a deferred price that is higher than the spot price, and then you sell it back to the one from whom you bought it for a spot price that is lower than the deferred price. When the due date arrives, you settle the previous debt with him. This is 'inah. It is said that the term is derived from "ayn" (the eye), meaning gold or silver. It is also said that it is called 'inah because the creditor returned to the actual substance of his money, and the commodity was made a ruse. It is a sale of dirhams for dirhams, and the commodity is made a ruse in this manner.
Source
قناة «مؤسسة الدعوة الخيرية»، فتاوى على الهواء 03-01-1435هـ - الفوزان — youtube.com (29:40)
The Arabic text is a machine transcription of the audio recording.