The ruling on exchanging one car for another while paying the difference
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I have an old car, and I exchanged it for a new one and paid the difference. What is the ruling on this sale?
There is nothing wrong with this. It is permissible for a person to exchange an old car for a new one and add money to the old car, because there is no riba (usury or interest) in cars. The Messenger of Allah (peace and blessings be upon him) used to take a camel as a loan and repay it with two camels at a later date from the camels of zakah. He would take two camels and give three. He did not exchange dates for dates unless they were equal in quantity, because riba applies to them. Therefore, riba does not apply except to foodstuffs that are consumed,For example: such as dates, barley, wheat, rice, corn, and the like, or to gold and silver.
As for cars, vessels, houses, camels, cows, and sheep, there is no riba in them.
There is nothing wrong with this. It is permissible for a person to exchange an old car for a new one and add money to the old car, because there is no riba (usury or interest) in cars. The Messenger of Allah (peace and blessings be upon him) used to take a camel as a loan and repay it with two camels at a later date from the camels of zakah. He would take two camels and give three. He did not exchange dates for dates unless they were equal in quantity, because riba applies to them. Therefore, riba does not apply except to foodstuffs that are consumed,For example: such as dates, barley, wheat, rice, corn, and the like, or to gold and silver.
As for cars, vessels, houses, camels, cows, and sheep, there is no riba in them.