Definition of the Buy-Back Sale (‘Inah) and Its Ruling
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Question:
Among the questions of this questioner, he says: “O His Eminence the Shaykh, what is the buy-back sale (‘inah), and what is its ruling?”
Answer:
The buy-back sale (‘inah) is riba (usury or interest). It is when you sell a commodity to a person for a deferred price, and then you buy it back from him for cash. This is ‘inah. For example, you sell him a car for sixty thousand in installments, and then you sell it to him for cash. You sell it to him for forty thousand cash, which he gives you.
The meaning is that you took forty thousand for sixty thousand through a ruse, which is riba (usury or interest). The car here is made into a ruse. This is ‘inah: you sell a commodity for a deferred price, and then you take it back from the one who bought it from you for cash. You sell it to him for cash, meaning: he gives you cash and returns the commodity. Yes.
The presenter: May Allah reward you.
Among the questions of this questioner, he says: “O His Eminence the Shaykh, what is the buy-back sale (‘inah), and what is its ruling?”
Answer:
The buy-back sale (‘inah) is riba (usury or interest). It is when you sell a commodity to a person for a deferred price, and then you buy it back from him for cash. This is ‘inah. For example, you sell him a car for sixty thousand in installments, and then you sell it to him for cash. You sell it to him for forty thousand cash, which he gives you.
The meaning is that you took forty thousand for sixty thousand through a ruse, which is riba (usury or interest). The car here is made into a ruse. This is ‘inah: you sell a commodity for a deferred price, and then you take it back from the one who bought it from you for cash. You sell it to him for cash, meaning: he gives you cash and returns the commodity. Yes.
The presenter: May Allah reward you.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.