What is the ruling on deferring the price until it is received from the banks?
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The Shaykh : Yes?
The questioner : O Shaykh, may Allah reward you. If, for example, someone ties it to the banks, as most buyers do nowadays, saying, "When I receive from the banks, I will give it to you"?
The Shaykh : Yes.
The questioner : Is the sale permissible or not?
The Shaykh : And what do you say about this?
The questioner : Did we not explain the issue?
The Shaykh : He says if the price is deferred, if the price is deferred, what is the option of condition? He is speaking about deferring the price, if he defers it until he receives from the banks.
The questioner : ... It is unknown, O Shaykh.
The Shaykh : This is unknown, I say this is unknown, do you understand?
The questioner : Yes.
The Shaykh : But if he is poor and does not have what to pay with, and he defers it to the banks, then this is valid. And that is because the poor person cannot be demanded to pay until he finds[Al-Baqarah 2:280] So if the seller knows that this man is poor and that he deferred it until he receives from the banks because of his poverty and inability to pay, then that becomes permissible according to the stronger opinion which we explained to you previously, do you understand now?
The questioner : Yes, that is right.
The Shaykh : Very well.
The questioner : Perhaps this issue is the issue of salam or striking ...?
The Shaykh : Which one? The issue of loan? No, the harvest and the picking are known, meaning they know, for example, in such-and-such month it will be, but the loan from the government may remain for two, three, or four years.
O Allah, Lord of this perfect call and the established prayer, grant Muhammad the intercession and the virtue, and raise him to the praiseworthy station which You have promised him.
I think there are copies of this? Yes?
The questioner : O Shaykh, may Allah reward you. If, for example, someone ties it to the banks, as most buyers do nowadays, saying, "When I receive from the banks, I will give it to you"?
The Shaykh : Yes.
The questioner : Is the sale permissible or not?
The Shaykh : And what do you say about this?
The questioner : Did we not explain the issue?
The Shaykh : He says if the price is deferred, if the price is deferred, what is the option of condition? He is speaking about deferring the price, if he defers it until he receives from the banks.
The questioner : ... It is unknown, O Shaykh.
The Shaykh : This is unknown, I say this is unknown, do you understand?
The questioner : Yes.
The Shaykh : But if he is poor and does not have what to pay with, and he defers it to the banks, then this is valid. And that is because the poor person cannot be demanded to pay until he finds
And if someone is in hardship, then [let there be] postponement until [a time of] ease
وإن كان ذو عسرة فنظرة إلى ميسرةThe questioner : Yes, that is right.
The Shaykh : Very well.
The questioner : Perhaps this issue is the issue of salam or striking ...?
The Shaykh : Which one? The issue of loan? No, the harvest and the picking are known, meaning they know, for example, in such-and-such month it will be, but the loan from the government may remain for two, three, or four years.
O Allah, Lord of this perfect call and the established prayer, grant Muhammad the intercession and the virtue, and raise him to the praiseworthy station which You have promised him.
I think there are copies of this? Yes?