What is the ruling on selling a commodity before taking possession of it?
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Question:
Now, some car dealers, when they want to buy a car, buy it, but it remains in the name of the person they bought it from, on the pretext that the car will be more attractive to people, and he wants to sell it. So he says: "Keep it in your name," and gives him a power of attorney. Is it permissible for this buyer to sell it?
Answer:
This is a lie. He must sell it in the name of its owner, because rulings may result from this. He sells it from its owner and gives him a document stating that he sold it to him, and he does not sell it until it is taken out of the showroom to another showroom, or to his house, or to the market; because of what is in the hadith.
(Lectures explaining Bulugh al-Maram, Book of Sales)
Now, some car dealers, when they want to buy a car, buy it, but it remains in the name of the person they bought it from, on the pretext that the car will be more attractive to people, and he wants to sell it. So he says: "Keep it in your name," and gives him a power of attorney. Is it permissible for this buyer to sell it?
Answer:
This is a lie. He must sell it in the name of its owner, because rulings may result from this. He sells it from its owner and gives him a document stating that he sold it to him, and he does not sell it until it is taken out of the showroom to another showroom, or to his house, or to the market; because of what is in the hadith
It was prohibited to sell goods until the merchants take them into their possession.
نهى أن تُباع السلع حتى يحوزها التجار إلى رحالهم(Lectures explaining Bulugh al-Maram, Book of Sales)
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.