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The Dirham was left undefined and there are different kinds in terms of monetary value. Will the transaction be valid? |
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Question 723) - The Dirham was left undefined and there are different kinds in terms of monetary value. Will the transaction be valid?
A: The transaction is incorrect unless one was defined and the amount is known.
~ al-Quduri ~ |
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If only the description of the price was not given, e.g. he said, "I sell you this for 10 Dirham," and in the city there are several descriptions of money used, is the transaction valid if the buyer accepted? |
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Question 722) - If only the description of the price was not given, e.g. he said, "I sell you this for 10 Dirham," and in the city there are several descriptions of money used, is the transaction valid if the buyer accepted?
A: Yes, the money will be defined as the one the people most commonly use in the city.
~ al-Quduri ~ |
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A man sold goods. He pointed at it and did not declare the quantity, weight or measure. Or two men bartered goods and did not declare the quantity, weight or measure but each pointed at his goods. Are these two transactions valid? |
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Question 720) - A man sold goods. He pointed at it and did not declare the quantity, weight or measure. Or two men bartered goods and did not declare the quantity, weight or measure but each pointed at his goods. Are these two transactions valid?
A: Both are valid. Pointing out the goods or price does not require further defining for the validity of the transaction. Pointing out something is the most exact form of defining something.
~ al-Quduri ~ |
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What is the ruling if the price was undefined in terms of amount and type of currency? |
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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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Is a transaction valid with deferred payment? |
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Question 719) - Is a transaction valid with deferred payment?
A: Transactions are valid with immediate payment and deferred payment if the period has been defined.
~ al-Quduri ~ |
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