If a person buys, for example, three tons of iron and you tell him after a year to return it to you as five tons, what is the ruling?
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The questioner : The questioner says: If a person borrows, for example, three tons of iron and you tell him after a year to return it to you as five tons, what is the ruling?
The Shaykh : What is the ruling? The answer is: We have just established the rules. Did he buy it?
The questioner : ... .
The Shaykh : Did he borrow it or buy it?
The questioner : Did he borrow it?
The Shaykh : Did he borrow it? No, that is not valid. How can one borrow iron?
The questioner : This is the question.
The Shaykh : The question is incorrect. If he bought it, how much?
The questioner : Three tons of iron, and you told him after a year to return it to you as five tons?
The Shaykh : The correct formulation is: If he bought three tons of iron for five tons, to be delivered in one year, is this permissible or not? It is permissible because there is no riba (usury or interest) in it. May Allah reward you.
The questioner : And what about borrowing?
The Shaykh : Regarding borrowing, may Allah reward you, it is not valid for iron. Iron is meant to be built with. Borrowing involves returning the specific item itself; one borrows an item to benefit from it and then returns it to its owner. Yes.
The Shaykh : What is the ruling? The answer is: We have just established the rules. Did he buy it?
The questioner : ... .
The Shaykh : Did he borrow it or buy it?
The questioner : Did he borrow it?
The Shaykh : Did he borrow it? No, that is not valid. How can one borrow iron?
The questioner : This is the question.
The Shaykh : The question is incorrect. If he bought it, how much?
The questioner : Three tons of iron, and you told him after a year to return it to you as five tons?
The Shaykh : The correct formulation is: If he bought three tons of iron for five tons, to be delivered in one year, is this permissible or not? It is permissible because there is no riba (usury or interest) in it. May Allah reward you.
The questioner : And what about borrowing?
The Shaykh : Regarding borrowing, may Allah reward you, it is not valid for iron. Iron is meant to be built with. Borrowing involves returning the specific item itself; one borrows an item to benefit from it and then returns it to its owner. Yes.