Q: I bought a new car and kept it for a week. Now, one of my colleagues wants to buy it, so I sold it to him for 35,000 Riyals; 5,000 Riyals in advance and 5,000 Riyals will be paid after two months beginning from the date of purchase. Afterwards, he has to pay the rest in monthly installments; the amount of each installment is 1,500 Riyals until the whole amount is settled. It is worthy to mention that the price of
purchasing
the car was 28,300 Riyals. The buyer wants to sell it for cash as he is suffering from certain circumstances. So, he offered it to me and I refused. Then, he offered it to my colleagues before taking it to the car fair on Thursday. It should be noted that according to official documents the car is still in my name. (Part No. 13; Page No. 138) I sold it to him and I have no desire to take it back and we have no agreement between us to take it back. Since he wants to sell it, do I have the right to buy it? Could you kindly advise me in this regard? May Allah reward you with the best. It is worth mentioning here that he has had the car for twenty days.
A:
If the situation is as you have mentioned, then you have no right to buy it except with a price that is equal to its real price or more. Purchasing it at a lower price is a usurious dealing which is the same as `Inah sale (selling and delivering something to another person in installments but repurchasing it with less immediate cash)..
May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.