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The question

What is the ruling on selling deferred debts to a third party at a 50% discount, so that the buyer may collect them, knowing that the original seller benefits from receiving his money in full, and the buyer benefits from acquiring customers without effort?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

The aforementioned transaction is based on forbidden usury, for it is a loan in exchange for a benefit. This transaction ultimately becomes five thousand [paid] immediately for ten thousand [paid] deferred, which is the essence of usury. This is what occurs in issuing checks and selling bonds, and all of that is from the forbidden usurious loans.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
31413
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy