If we say that selling based on a price that is cut off is permissible, is it valid if he says, “If its price reaches such-and-such, and it will not reach that except after a period of six months”?
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The questioner : O Shaykh, we said on the basis that it is permissible to sell what is cut off by the price.
The Shaykh : Yes.
The questioner : Okay, what if a person says, “I sold you such-and-such item if its price reaches such-and-such,” and this price may not be reached except after six months... or perhaps...
The Shaykh : No, it is not valid. The sale is based on the present price. As for saying it is based on a price that is cut off after six months, that is not known.
The questioner : Five days.
The Shaykh : The point is, if it is after a period during which the price may change significantly, it is not valid.
The questioner : Shaykh, the time is up, O Shaykh.
The Shaykh : The time is up. May Allah reward him with good; this brought the hadith.
The questioner : But the hadith is not from the newspaper; the hadith was taken from a photograph.
The Shaykh : How?
The questioner : The hadith was not taken from the newspaper.
The Shaykh : Yes.
The questioner : Okay, what if a person says, “I sold you such-and-such item if its price reaches such-and-such,” and this price may not be reached except after six months... or perhaps...
The Shaykh : No, it is not valid. The sale is based on the present price. As for saying it is based on a price that is cut off after six months, that is not known.
The questioner : Five days.
The Shaykh : The point is, if it is after a period during which the price may change significantly, it is not valid.
The questioner : Shaykh, the time is up, O Shaykh.
The Shaykh : The time is up. May Allah reward him with good; this brought the hadith.
The questioner : But the hadith is not from the newspaper; the hadith was taken from a photograph.
The Shaykh : How?
The questioner : The hadith was not taken from the newspaper.