Question
Muhtaram! As far as I know, it is common practice in our area, when giving a loan to someone, the agreement is made in such a way that the lender tells the borrower to buy 10 manas of paddy from you for five thousand rupees. Pay the price of paddy instead of paddy in the paddy season. In this case, they determine the amount of paddy in such a way that the value of that amount of paddy in the paddy season is more than the loan amount. Is it legal to make such an agreement? 3851141867
Answer
- حامداومصلياومسلما، بسم الله الرحمن الرحيم -
No, the agreement in question is not lawful. Rather it is just an excuse to take extra by providing loans. Even if it is taken in the name of the price of paddy, it is included in the interest contract. Because everyone understands that even if it is taken in the name of paddy, it is being taken as profit in loan money. Note that if one pays the price in advance and wants to take the paddy later (not the price of the paddy), then it can be in the manner of salam or advance sale according to the Shari'ah (بيع السلم). In that case it can be done by fulfilling all the conditions related to it. 6661245139
- والله اعلم باالصواب -
* This Fatwa was translated by Google Translate.
To see the original click here
Source
- আহকামুল জাস্সাস, Part: 1, Page: 467
- বাদায়েউস সানায়ে, Part: 6, Page: 518
- আলমুগনী, Part: 6, Page: 436
Related Fatwas
- Tahkeek of the hadith found in the light of light and the nonsense of the claimants of light 7124991651
- What is the basis of the hadith of the meaning, 7445944398
- It is shirk to name the organization by any name other than Islam 9721947825
- Bukhari's account of the Prophet's attempted suicide 2857131816
- Answers to some of the most common questions about madhhabs 5697116394
- Is it right for a student of religion to spread the wings of angelic light and make the way to paradise easier? 8882558337
- Judging by the analysis, where is the problem to follow one madhhab at a time 8199937162
- Ruling on circumcision while on tour 5834231836