What is the ruling on the act of one who buys a commodity for a deferred price and then sells it to the same person for cash at the same deferred price?
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The questioner : May Allah reward you, O honorable Shaykh. If a man comes and buys a commodity from a man for a deferred price, then returns and sells it to the same man for cash at the cash price, but it is the same as the deferred price, is this considered 'inah?
The Shaykh : No. If a person sells a commodity to someone for one thousand riyals in installments, and then returns and buys the commodity from him for one thousand riyals in cash, there is nothing wrong with that, because there is no riba, since he sold it for one thousand and bought it for one thousand.
'Inah is when he sells it for a deferred price and buys it back for less in cash. For example, if he sells it for ten thousand deferred in installments, and then buys it in cash for nine thousand, this is forbidden, and it is the issue of 'inah. On the right, if Allah wills, your turn will come.
The questioner : ...
The Shaykh : Your turn will come. There is no comment. If we had permitted commenting, the comment would need a comment, and then the comment would need a comment, and we would have started with a comment... but if Allah wills, your turn will come and you will ask.
The Shaykh : No. If a person sells a commodity to someone for one thousand riyals in installments, and then returns and buys the commodity from him for one thousand riyals in cash, there is nothing wrong with that, because there is no riba, since he sold it for one thousand and bought it for one thousand.
'Inah is when he sells it for a deferred price and buys it back for less in cash. For example, if he sells it for ten thousand deferred in installments, and then buys it in cash for nine thousand, this is forbidden, and it is the issue of 'inah. On the right, if Allah wills, your turn will come.
The questioner : ...
The Shaykh : Your turn will come. There is no comment. If we had permitted commenting, the comment would need a comment, and then the comment would need a comment, and we would have started with a comment... but if Allah wills, your turn will come and you will ask.