What is the ruling on exchanging cars with the payment of the difference?
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The questioner : Peace be upon you.
Regarding, O Shaykh, the appraisal of cars after the companies.
The Shaykh : What?
The questioner : Appraisal of cars: when a person wants to buy a new car, he appraises his old car at a certain price, then adds the price of the other until he completes 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 two sales in one sale, or what is its ruling?
The Shaykh : That is: exchanging old and new cars with the payment of the difference. There is nothing wrong with this; it is permissible for a person to exchange an old car for a new one and pay the difference, because there is no riba (usury or interest) among cars. What prevents an increase is the ribawi (usurious) currencies. 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 or something similar for another pen, even after a period of time has passed. There is nothing wrong with differing in the non-ribawi currencies. Yes.
The questioner : Excuse me, Shaykh, a clarification of the question, if you please. In some companies, I mean, what is the door of riba (usury or interest) is that the price of the car is not fixed; that is, the higher the value of the new car, the higher the value of the old car.
The Shaykh : There is nothing wrong as long as the price is specified.
The questioner : Because some people say that the 'illah (operative cause) is the ambiguity of the price of the old car.
The Shaykh : No, there is no ambiguity, because the sale is not completed until the price is known. If he knows, for example, that the value of the new one is fifty thousand and says, "Give me twenty thousand," he knows how much his car was appraised at: thirty thousand. There is no ambiguity.
Regarding, O Shaykh, the appraisal of cars after the companies.
The Shaykh : What?
The questioner : Appraisal of cars: when a person wants to buy a new car, he appraises his old car at a certain price, then adds the price of the other until he completes 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 two sales in one sale, or what is its ruling?
The Shaykh : That is: exchanging old and new cars with the payment of the difference. There is nothing wrong with this; it is permissible for a person to exchange an old car for a new one and pay the difference, because there is no riba (usury or interest) among cars. What prevents an increase is the ribawi (usurious) currencies. 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 or something similar for another pen, even after a period of time has passed. There is nothing wrong with differing in the non-ribawi currencies. Yes.
The questioner : Excuse me, Shaykh, a clarification of the question, if you please. In some companies, I mean, what is the door of riba (usury or interest) is that the price of the car is not fixed; that is, the higher the value of the new car, the higher the value of the old car.
The Shaykh : There is nothing wrong as long as the price is specified.
The questioner : Because some people say that the 'illah (operative cause) is the ambiguity of the price of the old car.
The Shaykh : No, there is no ambiguity, because the sale is not completed until the price is known. If he knows, for example, that the value of the new one is fifty thousand and says, "Give me twenty thousand," he knows how much his car was appraised at: thirty thousand. There is no ambiguity.