Filter by Categories
Accounting
Banking

Islamic Finance




Meaning of al-Bai’ ala al-Bai’


Arabic (البيع على البيع) for sale (ba’i) over another sale transaction. It involves an attempt by a third party (a new seller), during the period of khiyar (zaman al-khiyar– the typical three-day grace period), to sell his commodity while the sale transaction is being negotiated and is about to conclude between two parties. To that end, the new seller may quote a lower price or draw attention to defects/ imperfections in the commodities being sold by the other seller. By so doing, the new seller disturbs the transaction and tries to take the place of the original seller.

This sale belongs to the class of prohibited sales under shari’ah.



Tutorials
This section contains quite a vast collection of easy-to-understand explanatory manuals, practical guides, and best practices how-tos covering the main themes of this ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments