Finance
Fixed-Income-Linked Structured Retail Product
May 22, 2023
Finance
Capital Guaranteed Product
May 22, 2023

Arabic (محاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by the buyer paying more, or the seller charging less than the normal price. It may also involve a principal directing his agent to charge less than the normal price when selling or to pay more than it when buying. Deference in ba’i/ bay’ does not affect contract validity, according to the majority of fuqaha (jumhur).

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Tags

All Topics in the Letter 

Related Posts