What is a buy-back sale ('inah) and what is its ruling?
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Question:
We also ask, Shaykh, about the other sale, which is the buy-back sale ('inah), and what is its nature?
Answer:
The buy-back sale ('inah) is the same as a commodity sale used to obtain cash (tawarruq). If the creditor who sold it first buys it back for less than its price, buying it from the debtor for less than the price before repayment, this is the 'inah. This is because the very substance of his money has returned to him, and this sale has become a ruse to reach riba (usury or interest). Yes.
We also ask, Shaykh, about the other sale, which is the buy-back sale ('inah), and what is its nature?
Answer:
The buy-back sale ('inah) is the same as a commodity sale used to obtain cash (tawarruq). If the creditor who sold it first buys it back for less than its price, buying it from the debtor for less than the price before repayment, this is the 'inah. This is because the very substance of his money has returned to him, and this sale has become a ruse to reach riba (usury or interest). Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، 1772 - ما هو بيع العينة وما حكمه؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.