Mufti Online — Madrasah Ta'leemuddeen

Interest transaction

· 8 Jumada I 1439 AH1 min readEnglish

Question

I have question about sood. In my town people are taking Rs.45,000 for a month and giving the Rs.60,000 or Motor Cycle CD-70 having price of Rs.63,000 after one month, so choice depends upon people either they want Rupees or Bike. So I want to know that whether it is sood or not. Some people are saying that taking rupees is sood but bike is not sood. Please guide me.

Answer

In the case of money it is interest and in the case of a motorcycle then this can only work if there is a sale contract in place. And this is not a sale contract because in a sale contract the item that is going to be sold is confirmed. In this case it is left unspecified.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/24118
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-24118

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