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Returning Transacted Item
It is permissible for the buyer to return an item of low or defective quality, or one misrepresented by the seller, and obligatory for the seller...
 
Compensation In Case Of Return Of Sold Item
The buyer is entitled, at the seller’s discretion, to either a replacement or the original payment.
 
Return Of Sold Item In Case Of No Pre-Sale Inspection
If before the execution of the sale the seller instructs the buyer to first check the item (when practicable; for example, it would be difficult...
 
Return In Case Of Misunderstanding About Price
If the buyer is told by the seller that an item is being sold at “cost” (where cost may include any value additions to the item made by the...
 
Trading Visible But Unquantifiable Item
It is impermissible to trade in goods and services that are impermissible in themselves (e.g. buying futures contracts or selling life insurance)...
 
Dispute Resolution
In order of precedence, disputes regarding the terms of an agreement should be resolved according to the following: • evidence and witnessing; •...
 
Options In A Sale
The different options that may be exercised in a sale are: Khayaar al Shart Khayaar al Shart is an option in a sale’s contract giving one of the...
 
The Sale Of Goods That Have Yet To Clear Customs
An export sale based on a sample of the goods for approval by the importer is lawful whether or not the merchandise has arrived at the port.
 
Permissibility Of Maintaining Asset As Security In Contracts
It is permissible to stipulate that the client furnish a security to ensure payment for debt whenever it becomes due. This security may be in the...
 
Rules Of Pricing
It is permissible to sell items at any price the seller chooses, whether at a discount or for a profit, as long as the discount or profit does not...
 


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