Al-bai‘ al-mawquf

Dictionary term

Definition of "Al-bai‘ al-mawquf"

An agreement of sale that is lawful in substance and description, but is concluded with the consent of a third party who does not have an absolute right of ownership over the property of the buyer or the seller. For example, bai‘ al-fuduli

Create Your FREE Account…

IslamicBanker helps professionals navigate Islamic markets by providing powerful insights, analytics and collaboration tools.