25 Dhul-Hijjah 1440

I want to know if i understood the hadith right about not to sell something which u do not possess. I will make an example, i hope you understand and can give rule if this is permissible. I work in a company and they would sell me furniture for 300 dollars. I have not bought any. What i want to do is tell a friend “hey i want to sell u a piece of furniture for 600 dollars.” The friend agrees and is about to hand u the money but the problem is u havent owned the furniture so u will have to go buy it first and then sell. And since u dont want to go in risk to buy the furniture first and have nobody to buy it, you would tell your friend “give me 600 and i will hand it over to u tomorrow”. So u made a deal with a friend that ure gonna sell something to him but first he has to give u the money, so that u can buy it from that owner (since u dont own it) for 300 dollars then u keep the other half. Is this permissible?

By Admin
In Islamic Economy
Aug 1st, 2015

This is not permissible. The thing you do not own is not permissible for you to sell.

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