Monday 9 Rabi‘ at-akhir 1440 - 17 December 2018
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Bay’ al-Wafaa’

Question

What is Bay’ al-Wafaa’ and what are the rulings concerning it?

Answer

Praise be to Allaah

Bay’ al-Wafaa’ means selling something on the condition that when the vendor pays back the money he accepted, the purchaser will return the item to him.

The scholars have decided the following:

  1. This transaction is in reality a loan which leads to benefits for the lender, and is an attempt to get around the prohibition on ribaa. The majority of scholars said that this is not a valid transaction.

  2. This contract is not permissible according to sharee’ah.

Source: Majma’ al-Fiqh al-Islami, p. 146

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