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10. Buying and Selling

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  • Ruling 2099

    If a person usurps some property and then sells it with the intention that the money acquired in return belongs to him, in the event that the owner of the usurped property authorises the transaction, the transaction is …

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  • Ruling 2100

    The commodity that is sold and the thing that is taken as payment in exchange for it must fulfil the following five conditions [in order for the transaction to be valid]: the amount must be known, either by weight, …

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  • Ruling 2101

    A commodity that is sold by weight or measure in a particular city must be purchased by weight or measure in that city. However, he can purchase the same commodity by viewing it in another city where it …

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  • Ruling 2102

    Something that is bought and sold by weight can also be transacted by measure; for example, a person wishes to sell 10 kilograms of wheat and he uses a measuring vessel that has the capacity to hold 1 …

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  • Ruling 2103

    If a transaction is void due to one of the conditions that were mentioned earlier – apart from the fourth condition – not being fulfilled, but the buyer and seller consent for the other to have disposal over …

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  • Ruling 2104

    The transaction of something that has been given as a charitable endowment (waqf ) is invalid. However, if the thing is damaged to the extent that it can no longer be used for the purpose for which it …

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  • Ruling 2105

    If a dispute arises between the beneficiaries of a charitable endowment to the extent that it is supposed that not selling the endowment may result in the loss of property or the loss of life, then selling the …

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  • Ruling 2106

    There is no problem in buying or selling a property that has been rented to someone else. However, the use of the property during the rental period belongs to the tenant/hiree (mustaʾjir). And if the buyer does not …

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  • Ruling 2107

    When buying and selling, it is not necessary to say a particular formula [or for it to be] in Arabic. For example, if a seller says in English, ‘I sell this property in exchange for this money’ and …

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  • Ruling 2108

    If at the time of the transaction the formula is not said but the seller, in exchange for the property that he takes from the buyer, makes the buyer the owner of his own property, the transaction is …

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