Ruling on exchanging an old device for a new one with an additional payment
Machine translationRead the Arabic original
Question:
This is Umm Badr, and she says: I bought a mobile phone for 1,400 riyals. After a period of time, I bought a new device and asked the shop owner to buy my old device for 1,200 riyals. I bought the new device from him for 1,800 riyals. The seller then told me to add 600 riyals. He took the new device and gave me the old one. Did I fall into something forbidden?
Answer:
The question is: If the meaning is that she wanted to exchange the old device for a new one with an additional payment for the difference in value between the new and the old, then there is no harm in that, and this does not fall under riba (usury or interest). If she sold an old device for a new one and paid the difference between the two values, there is no harm in that. Yes.
This is Umm Badr, and she says: I bought a mobile phone for 1,400 riyals. After a period of time, I bought a new device and asked the shop owner to buy my old device for 1,200 riyals. I bought the new device from him for 1,800 riyals. The seller then told me to add 600 riyals. He took the new device and gave me the old one. Did I fall into something forbidden?
Answer:
The question is: If the meaning is that she wanted to exchange the old device for a new one with an additional payment for the difference in value between the new and the old, then there is no harm in that, and this does not fall under riba (usury or interest). If she sold an old device for a new one and paid the difference between the two values, there is no harm in that. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، نور على الدرب 249 من المجموعة الثالثة للشيخ صالح الفوزان — youtube.com (7:29)
The Arabic text is a machine transcription of the audio recording.