The Majlis Archive

Finance - Banking - Business The Majlis Vol 28 No 09, p.7

I buy and sell cars.

Question

I buy and sell cars. I give a car to a dealer who will sell it for me. For example I say that I want R50,000 for the vehicle. He may sell it any price and take whatever is in excess of the R50,000 I have stipulated for myself. Is this transaction permissible? Someone said that it is not permissible.

Answer

The deal is permissible. However, the condition is that there should be no argument/ dispute. The owner should not later claim more if the item was sold at a high price.

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Published in
The Majlis Vol 28 No 09
PDF page
7

Appears under CHILDREN IN THE MUSAAJID (approximate).

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