Ruling on buying on installment and then selling for less for cash
Machine translationRead the Arabic original
Question:
Your Eminence, Shaykh Abdul Aziz, is asked about a person who is in need of some money, for example for marriage, and says: Is it permissible for me to buy a car, for example, and sell it, and benefit from its price, with a difference between the buying and selling price? May Allah reward you with good.
Answer:
Yes, he may buy the car, or something else, and then sell it and benefit from its price for the marriage. He may buy it on deferred installments, for example, or for a known period, even if it is just one installment, and then sell it and get married. There is nothing wrong with this. This is a permissible form of debt, provided that the seller has taken ownership of it and possession of it, and then sold it to him. There is no blame on him for that. Yes.
The presenter: May Allah reward you with good, and may He do you good.
Your Eminence, Shaykh Abdul Aziz, is asked about a person who is in need of some money, for example for marriage, and says: Is it permissible for me to buy a car, for example, and sell it, and benefit from its price, with a difference between the buying and selling price? May Allah reward you with good.
Answer:
Yes, he may buy the car, or something else, and then sell it and benefit from its price for the marriage. He may buy it on deferred installments, for example, or for a known period, even if it is just one installment, and then sell it and get married. There is nothing wrong with this. This is a permissible form of debt, provided that the seller has taken ownership of it and possession of it, and then sold it to him. There is no blame on him for that. Yes.
The presenter: May Allah reward you with good, and may He do you good.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.