Filter by Categories
Accounting
Banking

Islamic Finance




Ba’i al-Hadher lil Badi


Arabic (بيع الحاضر للبادي) for a type of sale (ba’i) in which a city-dweller (al-hadher) sells on behalf of a Bedouin or a desert dweller (al-badi). In this sense, the former acts as a middleman for the latter. The city-dweller makes profit by increasing the sale price, sometimes excessively. The majority of fuqaha (jumhur) prohibited this type of sale, with the exception of Abu Hanifah and others who considered it permissible. Notwithstanding, the shari’a basis for prohibition is the price increase that may result from this sale. In its broader meaning, al-badi may also refer to a non-resident.



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    Your email address will not be published.*