International trade and other sales : Islamic finance deferred-payment sale contract

السؤال

Assalaamu Alaykum wa Rahmatullah Dr Kahf ; Please allow me to extend my gratitude for all the work you do for the benefit of all of us living in the United States. I have learned so much from reading the various Fatawa and articles on your website. May Allah (SWT) reward you all tremendously in this world and the hereafter. I am fascinated by Islamic financing and how it compares to conventional financing. I have a personal situation that I am hoping that you can assist me with as I am unable to find pertinent information about it. I have been looking far and wide for an example of a credit Sale (Bai Muaajal) contract (not Murabahah) but I have been unable to find one and so I came up with my own by cutting and pasting / modifying what I believe to be the proper clauses from existing contracts. I am in the process of selling a property I own. I do not have any loan on the property-I own it completely. The buyer is unable to pay me cash for the property and he does not want to go for a Riba based conventional loan so the buyer has asked me to finance the sale for him for 60 months. He is willing to pay me a small amount per month for 59 months and the balance (large amount) as the 60th payment. He has also agreed for me to increase the price in return for deferred payment.... ? for full Fatwa, download the file.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2011-01-10

التخصصات الرئيسية

الاقتصاد و التجارة
العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• البيوع
• العقود
• الأسعار
• التمويل
• التجارة الدولية
• الديون
• الوثائق
• البيع المؤجل
• الملكية
• الباعة و المشترين
• المدفوعات

عدد الصفحات

5

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-734304

• APA
• MLA
• AMA