Everything that has two prices involves riba; the two types are different but the value is the same, so is differentiation permissible?
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The questioner : Shaykh!
The Shaykh : Yes?
The questioner : If we say: whatever is made a price, does it involve riba al-nasi'ah?
The Shaykh : How?
The questioner : Whatever is made a price!
The Shaykh : Yes, yes.
The questioner : Whatever is made a price, meaning its price is similar, i.e., two things that have one price.
The Shaykh : Yes.
The questioner : So is differentiation permissible?
The Shaykh : But the type is different, the genus is different?
The questioner : Different, but!
The Shaykh : The value is the same!
The questioner : Yes, I do.
The Shaykh : The value is the same and the genus is different, so differentiation is permissible, because the genus is different.
The Shaykh : Yes?
The questioner : If we say: whatever is made a price, does it involve riba al-nasi'ah?
The Shaykh : How?
The questioner : Whatever is made a price!
The Shaykh : Yes, yes.
The questioner : Whatever is made a price, meaning its price is similar, i.e., two things that have one price.
The Shaykh : Yes.
The questioner : So is differentiation permissible?
The Shaykh : But the type is different, the genus is different?
The questioner : Different, but!
The Shaykh : The value is the same!
The questioner : Yes, I do.
The Shaykh : The value is the same and the genus is different, so differentiation is permissible, because the genus is different.