Seller purchasing back the sale item at a higher price

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Is it permissible to run a business buying and selling furniture, gold and silver but, in most cases, an option is given to the seller to buy back the item sold at any time, if still in stock, but at a higher price?

Bismillaah

A: To buy back is permissible, but to get into an agreement of buying back is impermissible.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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