What is the ruling on exchanging an old car for a new one, and does this fall under riba?
Machine translationRead the Arabic original
The questioner : Okay, Shaykh, I have an exchange of an old car for a new one. Does it fall under the non-riba types of riba, or does it fall under two sales in one sale? Which of the two is more problematic than the other?
The Shaykh : What is the situation, my brother? You are mixing one issue with another.
The questioner : Exchanging an old car for a new one?
The Shaykh : Yes.
The questioner : In which issue does it fall?
The Shaykh : How is the exchange done?
The questioner : You pay the difference, you take the new one, and you pay the additional difference.
The Shaykh : In cash?
The questioner : Yes.
The Shaykh : There is nothing wrong with them.
The questioner : There is nothing wrong with it; it is not two sales in one sale?
The Shaykh : No, meaning the old one is valued at one thousand and the new one at three thousand, and he pays two thousand.
The questioner : There is nothing wrong with them.
The Shaykh : No.
The Shaykh : What is the situation, my brother? You are mixing one issue with another.
The questioner : Exchanging an old car for a new one?
The Shaykh : Yes.
The questioner : In which issue does it fall?
The Shaykh : How is the exchange done?
The questioner : You pay the difference, you take the new one, and you pay the additional difference.
The Shaykh : In cash?
The questioner : Yes.
The Shaykh : There is nothing wrong with them.
The questioner : There is nothing wrong with it; it is not two sales in one sale?
The Shaykh : No, meaning the old one is valued at one thousand and the new one at three thousand, and he pays two thousand.
The questioner : There is nothing wrong with them.
The Shaykh : No.