A Forced Transaction
My village is situated on the coast. Many of the villagers here work as local fishermen, and still many of them don’t have enough fund to provide the fishing equipments, such as machines, fishnet, etc. Usually, they borrow some money to provide those equipments from the skipper of fishmonger, with the consequence that they have to sell the result of their catches to the borrower. And usually, the selling price to the skipper is slightly cheaper than the market price. Whereas the debt should be settled periodically without any added interest. Sometimes, after the last payment, the skipper gives them some discount, for example from IDR 5 millions, the debt is discounted to IDR 4.5 millions only.
According to Islamic perspective, what do you think about this case? May Allah reward you with goodness.
Sender: Abu Yumna, from Lamongan, Indonesia