Ruling on the exchange of non-riba items
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If a person wants to buy a new car, he appraises his old car at a certain price, then adds the difference to reach the value of the new car. It is known that the price of the old car rises according to the price of the new car; the higher the value of the new car, the higher the value of the old car. Does this fall under the prohibition of two sales in one sale, and what is its ruling?
Meaning: Exchanging old and new cars with the payment of the difference is permissible.Meaning: It is permissible for a person to exchange an old car for a new one and pay the difference, because cars are not subject to riba among themselves. What prohibits an increase is riba money. It is also permissible to buy a garment that is given to you now for two garments to be delivered later, and it is also permissible to buy a watch or a pen for another pen, even after a period of time has passed. There is no harm in dealing with non-riba items, provided that the price is specified.
And some of them say: Due to the ignorance of the price, the sale of the old car is prohibited.
The correct view is that there is no ignorance, because the sale is not completed until the price is known. For example, if he knows that the value of the new car is fifty thousand and says, "Give me twenty thousand," he knows that his car was appraised at thirty thousand; there is no ignorance.
Meaning: Exchanging old and new cars with the payment of the difference is permissible.Meaning: It is permissible for a person to exchange an old car for a new one and pay the difference, because cars are not subject to riba among themselves. What prohibits an increase is riba money. It is also permissible to buy a garment that is given to you now for two garments to be delivered later, and it is also permissible to buy a watch or a pen for another pen, even after a period of time has passed. There is no harm in dealing with non-riba items, provided that the price is specified.
And some of them say: Due to the ignorance of the price, the sale of the old car is prohibited.
The correct view is that there is no ignorance, because the sale is not completed until the price is known. For example, if he knows that the value of the new car is fifty thousand and says, "Give me twenty thousand," he knows that his car was appraised at thirty thousand; there is no ignorance.