The valuation of an asset on the basis of the proceeds of sale at the prevailing market price (i.e., through liquidation). For example, in the case of sharika, the profit can be distributed on the basis of tandid hukmi or tandid haqiqi/ tandeed feeli, depending on whether the musharaka assets are disposed of (liquidated) for good or kept on the venture’s books. Tandid feeli involves complete liquidation of the assets, while the rightful owner receiving the proceeds of liquidation in full.
Tandid feeli is an Arabic term (تنضيض فعلي) that translates as actual valuation/ liquidation.
