The ruling on a bank buying a car from a seller and selling it

The questioner : Okay, in a second question, may Allah reward you with good. This bank displays cars, for example, and does not show them to you until you come. Then they send you a message saying, “Go see the car you want, check the price, and bring it to us.” Or you go yourself to see the car and get the price, and then he goes and buys it.

The Shaykh : Now, that is fine.

The questioner : Hmm?

The Shaykh : This is forbidden because it is a ruse to circumvent riba (usury or interest).

The questioner : So, this sale is not permissible.

The Shaykh : No, no, it is not permissible.

The questioner : If it is fine, the first thing that happens is that it comes into his possession and he buys it first.

The Shaykh : Or what?

The questioner : I sell it to whoever I want.

The Shaykh : If he had it originally before you spoke to him.

The questioner : Before I spoke to him.

The Shaykh : Yes, meaning he did not buy it for your sake.

The questioner : No, he does not buy it except on your account, for example.

The Shaykh : So, if he does not buy it except for your sake, it is forbidden.

The presenter : May Allah reward you with good, amen, peace be upon you. May Allah keep you safe.