The meaning of Bismillah based on Zamakhshari's Kashshaf and Ibn Ashur's Al-Tahrir Wa Al-Tanwir
Good deeds last forever. Abu Su’ūd on Al-Kahf, ayah 46.
Abu Su’ūd’s breathtaking linguistic analysis shows how Surah Al Kahf accentuates the everlasting nature of good deeds
The option of cancellation
One may want to specify an option to cancel a sale for reasons such as if they wanted to try something out so they can be sure about purchasing the item. The option of cancellation is valid for both parties (buyer and seller), or one of them, for three days or less. If you specify... Continue Reading →
Things that are included in a sale without being specifically mentioned
If you buy a house, are the keys to the property included in the sale? What is included in a sale without explicit mention?
Things sold by volume, weight or measure
What happens when you buys or sell something and the quantity turns out to be more or less than what was agreed upon?
Pricing per unit when the total quantity is unknown
Whoever sells a pile of food, such that each measure is for a dollar, this is valid in one measure only. For example, let's say someone wants to buy a bag of rice and asks the price. The seller says that it is $2/kg. The buyer accepts the price and agrees to buy the whole bag. In this case, the issue is that the total quantity of the rice is unknown and, hence, the... Continue Reading →
Selling food by measure or without measure
Food can be sold by measure (weight, volume or number) and also without measure. For example, you can sell a dozen bananas for $5. Or, if there is a bunch of bananas present in front of the buyer, and the seller points to the bunch and says that it costs $7, and the buyer takes... Continue Reading →
Defining the price
It is necessary to know the amount and description of the price, if not being pointed to. This applies to the price and also applies to the item of sale. For example, the description of the price can be the currency. The assumption is that the price is from the currency of the land. For... Continue Reading →
Definition of a sales transaction
Sales is an exchange of something of value for something else of value with mutual agreement and it becomes binding with offer and acceptance, made in the past tense, and with non-verbal exchange. See the previous post for Imam Mawsuli's definition of a sales transaction and its integrals. "Mutual agreement" is not a necessary condition... Continue Reading →
Transactions: Key concepts
What does the Qur'an say about transactions? What are the key elements of a transaction?