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Financial Transactions,Interest,

Fatwa No :
82137
| Date :
0000-00-00
معاملات / مالی معاوضات / سود

(1): What do the esteemed scholars say regarding the following issue: If, for example, Zaid is in need of money and borrowing from someone involves paying an additional amount as interest, does Shariah provide any solution by which he can pay the additional amount without falling into the sin of interest?
(2): If someone owns a car and sells it for 200,000 rupees, then buys back the same car on installments for 300,000 rupees, will this transaction be considered permissible in Shariah? Kindly provide guidance.
Note: It should be noted that in question number 2, the person selling the car only hands over the documents to the buyer, while the car itself remains in the use of the seller.

الجوابُ حامِدا ًو مُصلیِّا ً

There is no way to make the additional interest amount lawful. However, if the questioner provides the full details of his situation, a proper and permissible alternative solution may be suggested. As for the mentioned method, merely earning profit through the sale and purchase of documents is not permissible in Shariah and must be avoided.

مأخَذُ الفَتوی

کما فی تنزیل العزیز:احل اللہ البیع وحرم الربوا (البقرۃ:275)۔
وفی مرقاۃ المفاتیح: عن جابر رضی اللہ عنہ قال: لعن رسول اللہ ﷺ آکل الربوا وموکلہ وکاتبہ وشاھدیہ،وقال :ھم سواء(6/51)۔

And Allah knows best
Darulifta Jamia Binoria Aalamia

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