Is it permissible to sell a debt for a lesser amount that is paid in cash immediately?
Machine translationRead the Arabic original
The questioner : Okay, also, I have a debt owed to me by the state, and I am unable to collect it. Can I sell this debt for a lesser amount?
The Shaykh : It is not permissible.
The questioner : It is not permissible. Can I sell the debt to a person who is able to collect it?
The Shaykh : For its full value.
The questioner : No, he sells it for a lesser amount.
The Shaykh : As for if you hire him to collect it for you and you give him a wage, there is no harm in that.
The questioner : No, other than the wage, he sells the debt as a sale.
The Shaykh : It is not permissible.
The questioner : These are matters that are currently happening on a large scale.
The Shaykh: Yes.
The questioner : On a very wide and very large scale.
The Shaykh : This is part of the corruption of the ruling! Naturally, only the major criminals among them do these things.
The questioner : Yes, yes.
The Shaykh : Allahu Akbar! Allahu Akbar! These Muslims no longer think about the matters of their religion. The hadith that passed by us recently:Jami` at-Tirmidhi 2379Sahih (Darussalam), what are these people thinking about regarding the money they collect, what are they doing with it? I wish their action were like that of the one about whom the poet said: "I wish you had not committed adultery and had not given charity." No, these people do not commit adultery, nor do they give charity.
The Shaykh : It is not permissible.
The questioner : It is not permissible. Can I sell the debt to a person who is able to collect it?
The Shaykh : For its full value.
The questioner : No, he sells it for a lesser amount.
The Shaykh : As for if you hire him to collect it for you and you give him a wage, there is no harm in that.
The questioner : No, other than the wage, he sells the debt as a sale.
The Shaykh : It is not permissible.
The questioner : These are matters that are currently happening on a large scale.
The Shaykh: Yes.
The questioner : On a very wide and very large scale.
The Shaykh : This is part of the corruption of the ruling! Naturally, only the major criminals among them do these things.
The questioner : Yes, yes.
The Shaykh : Allahu Akbar! Allahu Akbar! These Muslims no longer think about the matters of their religion. The hadith that passed by us recently:
Three follow the deceased, two of them return, and one remains. He is followed by his family, his wealth, and his deeds. So his family and his wealth returns, and his deeds remain.
يتبع الميث ثلاث : أهله وماله وعمله ، فيرجع أهله وماله ويبقى عمله
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.