What is the ruling on a merchant selling merchandise displayed by him, after its arrival from another country and before taking possession of it, given that there is an agreement on a specific profit?
It is permissible to appoint someone as an agent to purchase a commodity. If the agent buys it and brings it to their country, it is permissible for the owner of the commodity to sell it to the agent at a profit, provided that the completion of the purchase and the delivery of the commodity are confirmed to avoid deception.
It is also permissible for two people to jointly purchase commodities, with one promising the other to sell their share after taking possession (decreasing partnership). The conditions for this are:
1. That the sale is not stipulated within the partnership contract. 2. That the promise is non-binding. 3. That there is no commitment to buy the partner's share at its original value when the partnership is established, but rather at the market price at the time of sale.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Ftawy
- Original fatwa ID
- 16124
- 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.
- Read the full ruling
- Read the full answer on Ftawy