Is this type of trading permissible?
Assalamu Alaikum,
My mom does sales for a living, purchasing of wholesale goods to resell retail.
Once a month she receive goods on credit. She will receive the goods without paying upfront and then she will resell at her retail prices then payback the wholesale company for the goods taken on credit.
Her question, is there an issue with receiving goods and reselling those goods before it is paid for?
Wa Alaikum As Salaam,
There is no prohibition in receiving the goods and then reselling them before paying for them. This is permissible. Her dealings are based on an agreement with the wholesalers, where they have granted her the allowance to sell the goods and then pay for them. This is permissible in Islam.
And Allah knows best,
Mufti Waseem Khan
22/05/2017