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What is the ruling if the price was undefined in terms of amount and type of currency? PDF Print E-mail

Question 721) - What is the ruling if the price was undefined in terms of amount and type of currency?

A: If the buyer said for example, "l have bought from you for silver/gold/Dirham /Dinar/wheat," and did not specify the amount or type, then the transaction is not valid. For the validity of the transaction the amount must be mentioned e.g. "I bought from you for X amount of Dirham." The description must also be mentioned, e.g. "Egyptian/Syrian; Pure/Alloyed."

~ al-Quduri ~

 
 

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