Is it valid for the agent to sell the item on credit (*nasi'ah*)?
General Chapter
Al-Mughni
Book of Leasing
Primary text
The sale conducted on credit is invalid because the unqualified authorization to sell implies a cash transaction (*naqd*). Credit introduces the harm of delay and financial risk, which should only be accepted if the principal benefits from the profit in compensation. In this specific arrangement, the principal has no benefit from the profit in any case. Furthermore, the primary purpose of *mudarabah* is realizing profit, which is usually higher in credit sales, but here the principal's goal is not profit, nor does he have any share in it, rendering the credit sale of no benefit to him.
Supporting text
There is a narration from Ahmad permitting the *mudarib* to sell on credit because the principal benefits from the profit offsetting the risk of delay. This justification does not apply here since the principal has no share in the profit.