Bay ʿ
(3,148 words)

Bay ʿ (contract of sale) in Islamic Jurisprudence. A contract of sale is immediately effective and legally binding after the documentation of the mutual consent of the engaging parties, that is the seller (bāyiʿ) and the buyer (mushtarī). The legal impera-tive imposed by the contract of sale does not rely on any other factor, and the contract of sale is an irrevocable undertaking that cannot be annulled without good reason. The bayʿ has the quality of tamlīk (transfer of ownership…

Cite this page
Bagheri, Ahmad and Gholami, Rahim, “Bay ʿ”, in: Encyclopaedia Islamica, Editors-in-Chief: Wilferd Madelung and, Farhad Daftary. Consulted online on 28 June 2017 <http://dx.doi.org/10.1163/1875-9831_isla_COM_000000102>
First published online: 2013
First print edition: ISBN: 9789004246911, 20131209



▲   Back to top   ▲