Introduction to Deposit Sale, its Various Features and Rulings in Islamic Perspective
Abstract
Man has been in association with economy since his creation. Agriculture and trade
has a vital role in economic system. In olden ages the concept of trade was limited
but with the passage of time it has taken a vast structure. Since agriculture and trade
have occupied on a prestigious place internationally much more than on national
basis and now it is discussed and planned on the aforesaid base. Islam has observed
its significance in its start and has provided the basic terms and conditions of
practicing a mutual contract nationally as well as internationally. As The deposit sale
known as” bi‛ al Ghirbān” is commonly practiced in finances on national and
international levels. It is an optional part of the sales process, which is defined as” A
specified amount of money (usually a percentage of the total amount) that is paid up
front in order to ensure that the sale will go through and that the products/service
will be provided.” A deposit is paid by the buyer to the seller before a sale is
completed. The deposit sale is taken and utilized irrespectively to its legal status.
What’s the status of deposit sale and what are its related commandments in Islamic
sources? In these lines the introduction, the various features and rulings of the
deposit sale have been discussed in rather detail.
Dr. Istraj Khan, Dr. Gulzar Ali, Dr. Sajid Mahmood. (2020) اسلامی تعلیمات کی روشنی میں بیعانہ کا تعارف، صورتیں اور احکام, Bannu University Research Journal in Islamic Studies, Volume 7, Issue 1.
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