Filter by Categories
Accounting
Banking

Islamic Finance




Takhliya


An action that allows free disposal of something. In a contract of sale (ba’i), this involves allowing the buyer to take the object of sale without placing a hindrance to disposal. In a lease contract (ijara), this indicates giving the lessee access to enjoy the usufruct of the leased property. Fuqaha agree that in real estate, takhliyah occurs by taking possession, but they disagree as to other types of underlyings (e.g., commodities).

Takhliya is an Arabic term that translates as removal of hindrance, releasing, or enabling unfettered/ unrestrained disposal.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
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


    Leave Your Comment

    Your email address will not be published.*