Selling air conditioners on installment through the bank
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The questioner:
We say, may Allah be pleased with him, the Shaykh said, and we have a warehouse containing air conditioners, so take them and we will sell them to you for collection, whether you bring the goods from your company and we are afflicted, and we sell them, even though Allah has afflicted the buyer, and it is not from him, so what is the ruling in this equation?
The Shaykh:
What?
The questioner:
But he wanted something better than that. They said, we have a warehouse with air conditioners, so take them and we will sell them to you on installment, whether you take the goods with you, or if you wish, we will handle it and sell them to you, even though the third party is not the bank, so what is the ruling on this transaction?
The Shaykh:
And what? The owner of the air conditioners, I mean. Yes.
The questioner:
Will he buy good things or does he want to get entangled?
The Shaykh:
Now it has become a third party, and he has not sold them to me now. If they actually have air conditioners and you buy them from them, it is not sufficient to appoint them as your agent; rather, you must take possession of them and move them from their place to your place and sell them in your place to others. You sell them to others, and you do not appoint them to sell them, nor do you leave them in their place. Yes.
Because the buyer is not permitted to leave the goods in the seller's place; rather, he must take possession of them and receive them by moving them from their place to his place, and sell them to someone other than the one from whom he bought them. This is one aspect.
The second aspect is that I fear the bank has made these air conditioners a bait for people. Everyone who comes says, "Come, these air conditioners, advertise them and we will sell them; you will give us the value tomorrow, and they are nowhere to be found." Everyone who comes does this with them. This is not permissible, and they are not trustworthy or reliable in these matters. Yes.
We say, may Allah be pleased with him, the Shaykh said, and we have a warehouse containing air conditioners, so take them and we will sell them to you for collection, whether you bring the goods from your company and we are afflicted, and we sell them, even though Allah has afflicted the buyer, and it is not from him, so what is the ruling in this equation?
The Shaykh:
What?
The questioner:
But he wanted something better than that. They said, we have a warehouse with air conditioners, so take them and we will sell them to you on installment, whether you take the goods with you, or if you wish, we will handle it and sell them to you, even though the third party is not the bank, so what is the ruling on this transaction?
The Shaykh:
And what? The owner of the air conditioners, I mean. Yes.
The questioner:
Will he buy good things or does he want to get entangled?
The Shaykh:
Now it has become a third party, and he has not sold them to me now. If they actually have air conditioners and you buy them from them, it is not sufficient to appoint them as your agent; rather, you must take possession of them and move them from their place to your place and sell them in your place to others. You sell them to others, and you do not appoint them to sell them, nor do you leave them in their place. Yes.
Because the buyer is not permitted to leave the goods in the seller's place; rather, he must take possession of them and receive them by moving them from their place to his place, and sell them to someone other than the one from whom he bought them. This is one aspect.
The second aspect is that I fear the bank has made these air conditioners a bait for people. Everyone who comes says, "Come, these air conditioners, advertise them and we will sell them; you will give us the value tomorrow, and they are nowhere to be found." Everyone who comes does this with them. This is not permissible, and they are not trustworthy or reliable in these matters. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 113 من 123 / شرح كتاب زاد المستقنع / الأيمان/جامع الأيمان/صالح الفوزان/الفقه/كبار العلماء — youtube.com (1:05:48)
The Arabic text is a machine transcription of the audio recording.