What is the ruling on one who says to another: Take these fifteen thousand riyals, and after a year, if Allah wills, I will give you a new car of the best model, and the car did not exist?
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The questioner : And there is an observation.
The Shaykh : Please go ahead.
The questioner : Most people today are falling into this issue, especially those like us from the common people.
The Shaykh : There is blessing in you.
The questioner : He says: Take these fifteen thousand riyals, and after a year, if Allah wills, I will give you a new car of the best model. What is the ruling on this issue?
The Shaykh : Give me a car in exchange for what?
The questioner : Now they give a person fifteen thousand.
The Shaykh : Very well.
The questioner : And after a year, give me a new car for one hundred thousand, for fifty thousand, for twenty thousand, for thirty thousand. People are falling into this now.
The Shaykh : Okay, but the car that he specifies!
The questioner : It is not available.
The Shaykh : No, no, this is the one who gives fifteen thousand in exchange for giving you a new car!
The questioner : New.
The Shaykh : How do you mean, for a price or without a price?
The questioner : In exchange for these fifteen thousand.
The Shaykh : And what is the price of the car, more?
The questioner : The car has not yet come into existence up to now; it has not arrived.
The Shaykh : So it is a sale of an unknown item?
The questioner : He is unknown.
The Shaykh : Of course, this is not permissible.
The questioner : And the value of the car, even the current one that he gives him, its value is forty.
The Shaykh : No, this is riba (usury or interest).
The Shaykh : Please go ahead.
The questioner : Most people today are falling into this issue, especially those like us from the common people.
The Shaykh : There is blessing in you.
The questioner : He says: Take these fifteen thousand riyals, and after a year, if Allah wills, I will give you a new car of the best model. What is the ruling on this issue?
The Shaykh : Give me a car in exchange for what?
The questioner : Now they give a person fifteen thousand.
The Shaykh : Very well.
The questioner : And after a year, give me a new car for one hundred thousand, for fifty thousand, for twenty thousand, for thirty thousand. People are falling into this now.
The Shaykh : Okay, but the car that he specifies!
The questioner : It is not available.
The Shaykh : No, no, this is the one who gives fifteen thousand in exchange for giving you a new car!
The questioner : New.
The Shaykh : How do you mean, for a price or without a price?
The questioner : In exchange for these fifteen thousand.
The Shaykh : And what is the price of the car, more?
The questioner : The car has not yet come into existence up to now; it has not arrived.
The Shaykh : So it is a sale of an unknown item?
The questioner : He is unknown.
The Shaykh : Of course, this is not permissible.
The questioner : And the value of the car, even the current one that he gives him, its value is forty.
The Shaykh : No, this is riba (usury or interest).