Q: There is a petrol and laundry station in Abha in `Asir by the main road that was presented in a
I was one of the bidders and I bought it for thirty-two thousand Riyals; bearing in mind that it was estimated at three hundred thousand Riyals. Later on, some brothers told me that the foregoing is Riba (usury). Thus, I refer the matter to Your Eminence to explain for me whether it is permissible for me to buy this petrol and laundry station? It may be important to mention that I made it a condition that the committee should give me the right of withdrawal if this deal is not permissible for me according to Shari`ah (Islamic law). Nevertheless, the committee recently excused itself from this commitment under the pretense that even though such a condition is permissible for me from the disciplinary viewpoint; it implies a trick on Shari`ah. Please provide me with your beneficial answer. May Allah protect you.
If the reality is exactly as what is mentioned in the question, this is not a usurious contract. Rather, it is a contract of sale and is far from all forms of Riba. (Part No. 13; Page No. 145)
May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.