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The question

Is buying and selling sheep, with the payment of 10 riyals for each head purchased in exchange for financing the transaction, Islamically permissible?

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

It is not permissible to enter into the aforementioned transaction because it is usury (riba), which involves lending a sum of money with an increment. However, it is permissible to sell the sheep to him after purchasing and possessing them, agreeing on a specific price. Profit from selling is permissible, unlike profit from a loan. Alternatively, the money can be given to him as a legitimate (profit-sharing partnership) with a common share of the profit, not a fixed amount, provided that the working partner does not guarantee the principal.

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
124895
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