Filter by Categories
Accounting
Banking

Islamic Finance




Bay’ al-Musarrat


A manipulative transaction which involves the sale (bay’) of a cow, she-goat, or ewe, with its udder being tied up by its owner for the purpose of gathering milk therein, giving the impression that it is milch (i.e., produces milk in large amounts). Sellers typically pursue such a manipulative ruse in an attempt to bid up the prices of their animals offered for sale. A buyer, unknowledgeable of tasryah (udder tying up), has the option (khiyar), for a period of three days, either to retain it or return it to the seller for a refund. Abu Hurairah reported Allah’s Messenger (SAW) as saying: “he who bought a she-goat having its udder tied up should take it, milk it, and, if he is content with its milk, he should retain it, otherwise he should give it back [to the seller] along with a sa’a of dates” (Sahih Muslim, hadith no. 3634).



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    Your email address will not be published.*