In our time, contracts of sale, known as "Bey al-Murabaha", have become particularly popular.
What is Bay al-Murabaha?
This is a contract under which the seller undertakes to sell the goods at a certain price, including a surcharge called a "riba". Riba is an amount that includes the cost of the product and the profit of the seller. At the conclusion of the contract, both the cost of the product and the amount of profit or its percentage can be announced. For...
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Sale with an additional price (Bay al-murabaha).
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Real-life examples of trade relations
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Faruk
Real-life examples of trade relations
One important criterion to consider is that any trade transaction that violates one of the conditions or has a pre-existing obstacle becomes forbidden. According to this criterion, anything that leads to quarrel, conflict, or disagreement is an obstacle that makes a trade deal invalid. Even if the disagreement did not cause any problems for the parties, as they were able to reach an agreement without offending each other, the trade deal will still be considered invalid because anything that can... -
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What are "trade relations" in Islamic law?
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What are "trade relations" in Islamic law?
In the world of Islamic law, the term "muamalat" encompasses a wide range of human relationships, going beyond just financial or trade ties. The nature of human connections can vary greatly, and scholars have divided "muamalat" into five main types:
1. Trade exchanges: These include the purchase and sale of property, as well as rent. This is the relationship associated with property.
2. Marriage and divorce: These are the legal arrangements between spouses.... -
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What are "trade relations" in Islamic law?
In the world of Islamic law, the term "muamalat" encompasses a wide range of human relationships, going beyond just financial or trade ties....