Category Archives: Islamic Law
Price-Based Deferred Sales
Salam (السَلـَـم) is a form of contract that was found in pre-Islamic Arabia. At the time the Prophet arrived in Medina, he found people dealing in this form of trade. In the Hadith of Ibn Abbas he reports: The Messenger came to Medina and he found the people making deferred sales in fruit for one […]
Caveat Emptor and “As-is” sales
In terms of Islamic Law, defects in an object of sale are of two types: 1- Those that occur naturally, such as a home with a faulty foundation or a car with a cracked head. 2- Those that are initiated by a legislative prohibition; selling ground meat as chicken, when in fact it’s pork, or […]