Home » Hanafi Fiqh » Askmufti.co.za » Reselling at a Profit on Credit

Reselling at a Profit on Credit

Answered as per Hanafi Fiqh by Askmufti.co.za

Q: I have seen a vehicle which I want to buy but I don’t have the money. Can my brother buy it, add a profit on it and sell it to me over a period of time? We have established the profit and set a time period.

A: Yes, this is permissible. The deal is now between you and your brother and not between you and the original seller.

Moulana Yusuf Laher

This answer was collected from AskMufti.co.za, which is operated under the supervision of Mufti Siraj Desai of Darul-Uloom Abubakr, South Africa.

Read answers with similar topics: