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Question: Respected
Mufti Saheb. Assalaamu Álaykum Wa
Rahmatullaahi Wa Barakaatuhu.
Is it permissible to sell
goods to customers via consumer credit? Kindly reply in
detail.
Answer: Muhtaram
Saheb
Assalaamu Álaykum Wa Rahmatullaahi Wa
Barakaatuhu
Hereunder is the reply to
your query.
The Sharée relationship
between CCC, the consumer and the merchant must be examined
before determining the validity of the transaction. The
relationship between CCC and the consumer is of a lender and
borrower. This is apparent from the first paragraph of the
document where the CCC undertakes to provide finance to the
merchant’s customers and settle the merchant’s invoice. It
is obvious and known that the consumer will pay the CCC a
bigger amount over an extended period of time. Therefore, this
will be interest being paid on a loan. Hence this is not
permissible.
The relationship between the
consumer and the merchant is that of buying and selling.
However, since it is established that the relationship between
the CCC and the consumer involves transacting in interest, it
is not correct for the seller (merchant) to accept payment of
the CCC. This will be aiding in sin and not permissible. In
fact, it will not be permissible to even enter into a deal of
buying and selling due to the condition of arranging finance
with the CCC who will charge the consumer interest. The
Fuqahaa have stated that any condition contrary to the
Shariáh made in the actual deal nullifies the transaction.
As an alternative, if the
CCC transforms its principles and conforms with the principles
of Muraabaha, wherein the CCC purchases the item from the
merchant and sells it to the consumer on a higher fixed price,
this would be permissible.
And Allah Taãla Knows Best.
Was salaam
Mufti Ebrahim Desai
Question
What is the distance which
one must be travelling in order to be regarded as a Musafir?
Answer
If one is embarking on a journey of 88km or
more, one will be regarded as a Musafir.
Last modified:
May 05, 2009
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