Lesson 6 Flashcards

1
Q

What is Towliyah and Muraabahah

A

Towliyah: To sell something without a profit i.e. cost price.

Muraabahah: To sell something at cost plus profit.

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2
Q

List the rules

A

When the sale of towliyah or muraabahah is made then the condition is that the price be mithlee

cash
money
bartered, then the weight should be known so the cost price can be known.

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If a person makes a sale of muraabahah, a buyer negotiates a price and if the seller agrees,

it will be waajib for him to sell the item at that agreed price
anything extra, will be Haraam.

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  1. When a person is at towliyah or muraabahah he should not say what price he purchased the item for but rather say what the item cost him.him.

This is because extra costs may be added to the purchase price

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not permissible to resell non-movable items before obtaining full ownership

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sale of movable items you can resell an item before having full ownership of i.e. before delivery etc.

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items are purchased by weight, one cannot resell the item without re-weighing the item.

if the buyer was present when the bags were weighed, not necessary to re-weigh the item.

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