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What is Iqalah? What is its status in shari?ah? |
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Kitabul Buyu' [Book of Transactions] -
Iqalah [Rescinding]
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Question 803) - What is Iqalah? What is its status in shari?ah?
A: It is the rescinding of a transaction after the buyer and seller had already completed it. It can only be rescinded with the consent of both parties and for return of the original price.
~ al-Quduri ~
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