Ruling on selling goods on credit for a price higher than their spot price
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Ruling on selling goods on credit for a price higher than their spot price
A man has a farm next to him that he wants to buy, so he went to one of the banks and asked them to buy it for him,So they said to him: saying, "We will send an agent with you to appraise it, and then we will sell it to you." How is this?
This is a forbidden transaction,Meaning: for when a person specifies a commodity and then goes to a merchant and says, "Buy it for me," the merchant buys it and then sells it to him for a deferred price, meaning: an installment price higher than its spot price, this is riba (usury or interest); but it is riba that involves deceiving Allah the Mighty and Majestic and scheming against the signs of Allah;Because instead of saying: "Take its value now, one hundred thousand, and give me one hundred and twenty thousand after a year." It is gold that he buys with no intention of keeping it. This merchant did not want it at all; he did not buy it except to profit from you. So he did not buy it out of kindness to you, nor did he buy it except for this increase he took from you. So it is riba, but it is deceptive riba. Deceptive riba only increases in ugliness and sin. Deceptive riba is worse than explicit riba;Because it included two harms: The first harm: the harm of riba,and she: The increase. The second harm: it involves deceiving Allah, Lord of the Worlds, who knows what is in the hearts, and the Messenger of Allah (peace and blessings be upon him) clarified the truth,He said: "Actions are only by intentions, and every person will have only what he intended" , If this merchant wanted to be kind to you, he would have said: "Take this money as a loan from you without any increase." But if the commodity is originally with the merchant, and you come to him and buy what is worth a thousand for a thousand and one hundred, or a thousand and two hundred, there is nothing wrong with that. But in the case mentioned by the questioner, it is forbidden and not permissible.
And I am asking you now: Is this scheme closer to being forbidden,Or the scheme of the Jews who were told: "Do not catch fish on the day of Sabbath." Then Allah tested them, and the fish would come on the day of Sabbath and disappear on other days,So their time was prolonged, and they said: so they devised a scheme for us. They schemed and started placing nets on Friday, and the fish would come on Saturday and fall into these nets,So when it was Sunday, they took the fish and said: saying, "We did not catch them on the day of Sabbath." So how did Allah punish them?He said: [al-Baqarah:65] So they became apes, groaning—may Allah protect us from that. This is one instance.
Second: Allah forbade them the fats,They said: so they did not eat them, but they melted them and made them into oil, then they sold it and ate the proceeds,The Prophet (peace and blessings be upon him) said: "May Allah curse the Jews; when Allah forbade them the fats of carrion, they melted them and then sold them and ate the proceeds" If you compare this Jewish scheme with the scheme mentioned by the questioner, you will find that the scheme mentioned by the questioner is closer to being forbidden than the Jews' scheme, but the Messenger of Allah (peace and blessings be upon him) spoke the truth when he said: "You will surely follow the ways of those who came before you" It is not necessary that following the ways leads to disbelief as they disbelieved. If we take something from their morals, we have committed their path in that matter.
Envy, for example, is among the morals of the Jews, so the envious person has a resemblance to the Jews in envy. Concealing the truth is among the morals of the Jews; they are the ones who conceal what Allah revealed,Distorting words from their contexts means: interpreting the Qur'an other than what Allah the Exalted intended, or the Sunnah other than what the Messenger of Allah intended,This is among the morals of the Jews, so his saying: "You will surely follow the ways of those who came before you" It is not meant that we will disbelieve as they disbelieved, but rather we take a share from each of their morals. So envy was found in this Ummah, and schemes were found in it, and deception was found in it, and distorting words from their contexts was found in it, and concealing the truth was found in it.
So, my brother, you must save yourself from the morals of the Jews and the Christians and other disbelievers so that you are safe and become a true Muslim for Allah.
The important point is that this transaction is forbidden for both the giver and the taker; because in riba, the eater and the one who employs the eater are equal,Jabir ibn 'Abd Allah (may Allah be pleased with him) said: "The Messenger of Allah (peace and blessings be upon him) cursed the eater of riba, the one who employs the eater, the scribe, and the two witnesses, and he said: 'They are all equal'" .
A man has a farm next to him that he wants to buy, so he went to one of the banks and asked them to buy it for him,So they said to him: saying, "We will send an agent with you to appraise it, and then we will sell it to you." How is this?
This is a forbidden transaction,Meaning: for when a person specifies a commodity and then goes to a merchant and says, "Buy it for me," the merchant buys it and then sells it to him for a deferred price, meaning: an installment price higher than its spot price, this is riba (usury or interest); but it is riba that involves deceiving Allah the Mighty and Majestic and scheming against the signs of Allah;Because instead of saying: "Take its value now, one hundred thousand, and give me one hundred and twenty thousand after a year." It is gold that he buys with no intention of keeping it. This merchant did not want it at all; he did not buy it except to profit from you. So he did not buy it out of kindness to you, nor did he buy it except for this increase he took from you. So it is riba, but it is deceptive riba. Deceptive riba only increases in ugliness and sin. Deceptive riba is worse than explicit riba;Because it included two harms: The first harm: the harm of riba,and she: The increase. The second harm: it involves deceiving Allah, Lord of the Worlds, who knows what is in the hearts, and the Messenger of Allah (peace and blessings be upon him) clarified the truth,He said: "Actions are only by intentions, and every person will have only what he intended" , If this merchant wanted to be kind to you, he would have said: "Take this money as a loan from you without any increase." But if the commodity is originally with the merchant, and you come to him and buy what is worth a thousand for a thousand and one hundred, or a thousand and two hundred, there is nothing wrong with that. But in the case mentioned by the questioner, it is forbidden and not permissible.
And I am asking you now: Is this scheme closer to being forbidden,Or the scheme of the Jews who were told: "Do not catch fish on the day of Sabbath." Then Allah tested them, and the fish would come on the day of Sabbath and disappear on other days,So their time was prolonged, and they said: so they devised a scheme for us. They schemed and started placing nets on Friday, and the fish would come on Saturday and fall into these nets,So when it was Sunday, they took the fish and said: saying, "We did not catch them on the day of Sabbath." So how did Allah punish them?He said:
Be apes, despised."
كُونُوا قِرَدَةً خَاسِئِينَSecond: Allah forbade them the fats,They said: so they did not eat them, but they melted them and made them into oil, then they sold it and ate the proceeds,The Prophet (peace and blessings be upon him) said: "May Allah curse the Jews; when Allah forbade them the fats of carrion, they melted them and then sold them and ate the proceeds" If you compare this Jewish scheme with the scheme mentioned by the questioner, you will find that the scheme mentioned by the questioner is closer to being forbidden than the Jews' scheme, but the Messenger of Allah (peace and blessings be upon him) spoke the truth when he said: "You will surely follow the ways of those who came before you" It is not necessary that following the ways leads to disbelief as they disbelieved. If we take something from their morals, we have committed their path in that matter.
Envy, for example, is among the morals of the Jews, so the envious person has a resemblance to the Jews in envy. Concealing the truth is among the morals of the Jews; they are the ones who conceal what Allah revealed,Distorting words from their contexts means: interpreting the Qur'an other than what Allah the Exalted intended, or the Sunnah other than what the Messenger of Allah intended,This is among the morals of the Jews, so his saying: "You will surely follow the ways of those who came before you" It is not meant that we will disbelieve as they disbelieved, but rather we take a share from each of their morals. So envy was found in this Ummah, and schemes were found in it, and deception was found in it, and distorting words from their contexts was found in it, and concealing the truth was found in it.
So, my brother, you must save yourself from the morals of the Jews and the Christians and other disbelievers so that you are safe and become a true Muslim for Allah.
The important point is that this transaction is forbidden for both the giver and the taker; because in riba, the eater and the one who employs the eater are equal,Jabir ibn 'Abd Allah (may Allah be pleased with him) said: "The Messenger of Allah (peace and blessings be upon him) cursed the eater of riba, the one who employs the eater, the scribe, and the two witnesses, and he said: 'They are all equal'" .