What is the ruling on selling riba-based goods for one hundred dirhams, and then the seller buying goods from the buyer for the same value?
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The questioner : Shaykh, if a person sells riba-based goods for one thousand dirhams, and then the seller buys a commodity from the buyer for the same value.
The Shaykh : But a commodity in which deferment is permissible between the first sold item.
The questioner : Yes...
The Shaykh : There is no objection, provided that it is at the current market price.
The questioner : It is not permissible if it is due to inability, and if he buys it from a different type, or after the chain of ownership is broken, or after its quality changes, or from someone other than the buyer, or if his father or son buys it, it is permissible.
The Shaykh : But a commodity in which deferment is permissible between the first sold item.
The questioner : Yes...
The Shaykh : There is no objection, provided that it is at the current market price.
The questioner : It is not permissible if it is due to inability, and if he buys it from a different type, or after the chain of ownership is broken, or after its quality changes, or from someone other than the buyer, or if his father or son buys it, it is permissible.