Question

We trade in poultry feed. We do business on credit most of the time to farmers. That's why we tell them during the sell to the farmers, 'you have to sell all the eggs or chickens to us and in this regard they do agree. Then we sell these eggs and chickens to the outside party. One of our advantages in this case is that at that time we can deduct the money we owe. Because selling elsewhere makes us late to pay.

I want to know, is our buying and selling right in the eyes of the law?

Answer 1

Ref, No. 1379/42-838

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

This method is not Shariah-compliant. It is okay to lend seeds, but to make it a condition that the buyer sells it to you only later on is not valid and it is against the basics of the trade. The Hadith forbids laying down a condition in this way when trading.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband