A man bought a car on credit for sixty-five thousand, knowing that its cash price is thirty thousand. What is the ruling on this transaction?

The questioner : I found one of my colleagues who has a car, and the car is worth about thirty thousand in its current condition. So, I accepted it in its current condition and took delivery of it for sixty-five thousand, with no down payment, and I will pay the amount in monthly installments. Some people said: This is riba (usury or interest). Is it riba, knowing that I took the car in its condition and drove away with it?

The Shaykh : Yes, this is not riba, because you bought the car, did you not?

The questioner : I bought it.

The Shaykh : You bought the car and did not buy dirhams? Did he buy it for thirty thousand?

The questioner : I do not know how much, but in its value when I took delivery of it, it is worth , and I accepted it for with no down payment or anything, and I accepted it in its current condition, took delivery of the car, and took possession of it?

The Shaykh : There is nothing wrong with this, and there is no riba in it.

The questioner : But they said: There is riba in it, because it increased for you by more than half?

The Shaykh : There is no harm. This is what is appropriate for it. The important thing is that there is absolutely no riba in this matter.

The questioner : Praise be to Allah. May Allah reward you with good.

The Shaykh : But a person should, if he sees his brother in dire necessity for something, not increase the price for him by this excessive increase, because he has now made one hundred into two hundred, did he not?
He made it , but if you accepted it and were satisfied with this, there is no blame on you.

The questioner : May Allah reward you with good.