He bought Jewelry and borrowed its Price from the Seller

Question :

A person took some gold jewelry from me and the price of the jewelry was 1,000 riyals. So, I said to him, "It is not permissible unless you give me cash." He then said, "Loan me 1,000 riyals." So, I loaned him 1,000 riyals and he gave it to me (to pay for the jewelry). Is this permissible?

Answer:

This is not permissible, because it is a scheme to practice Riba and it is combining two sales contracts (in one) - the contract of a loan and the contract of a sale - which is also prohibited.

إقرأ المزيد :

The ruling on a Contract of Payment for a Deed to be performed from the Deeds of Worship, like Prayer and similar Deeds

Question : A man died who was generous and had good character, however he did no...

The ruling on selling Dollars on installment payments

Question : I want to buy 10,000 American dollars from a specific person at the p...

Do not sell what you do not have

Question :What is the ruling on selling loans by way of buying and selling produ...

The ruling on selling Currency for another Currency for Payment made later

Question : I borrowed a sum of money for necessary reasons from a person who doe...