The first question of Fatwa no.
20213
In
Kinanah city,
we suspected a matter concerning a kind of sale. Some said that it is Haram (prohibited), others said it is Halal (lawful) and others were undecided. We work at
Kinanah
Sugar Company, which gives every employee a third of a sugar bag. Because some workers are in dire need, they sell their share of the sugar in advance (Part No. 11; Page No. 43
A:
This kind of sale is invalid because it is Majhul sale (sale of the unknown) and you cannot guarantee to take your share of the sugar. However, if you sell a known amount of sugar that is guaranteed for a certain time at the current price, and it is received in the meeting during which a contract is concluded, there is no objection because
this is Salam sale (sale with advance payment), which is valid according to Shari`ah (Islamic law). (Part No. 11; Page No. 44) May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
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