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15 Questions

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Islamic Jurisprudence: Bay Al-Dayn

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Questions and Answers

What type of Bay' salam is similar to bay' al dayn?

Salam to produce

Salam to possess

Salam to consume

Salam to resell (correct)

What is a condition for bay' al dayn?

When it's sold to the debtor with a lower price (correct)

When the creditor is in a difficult financial situation

When it's sold to the creditor with a higher price

When the debtor is in a difficult financial situation

How does bay' al dayn differ from Murabahah?

Murabahah involves a discount, while bay' al dayn involves a markup

Murabahah involves a markup, while bay' al dayn involves a discount (correct)

Murabahah is only for goods, while bay' al dayn is only for debt

Murabahah is only for debt, while bay' al dayn is only for goods

Why might a creditor choose bay' al dayn over other financing options?

To provide a convenience to the debtor Signup and view all the answers

What is the stance of Hanafi jurists on Bay' al-dayn?

They are unanimous in prohibiting it Signup and view all the answers

What is a common legal opinion on bay' al dayn?

It is a permissible transaction with some conditions Signup and view all the answers

Which of the following is a characteristic of the Maliki stance on Bay' al-dayn?

They allow it on certain conditions Signup and view all the answers

What is the general consensus among contemporary Muslim scholars on Bay' al-dayn?

It is a type of sale that is considered Haram Signup and view all the answers

How does Bay' al-dayn differ from Murabahah?

Bay' al-dayn involves a sale with a deferred payment, while Murabahah involves a sale with a immediate payment Signup and view all the answers

What is the primary reason for the prohibition of Bay' al-dayn among Hanafi jurists?

It involves a sale with a deferred payment Signup and view all the answers

What is the term for the debt being sold in a Bay' sale?

Dayn Signup and view all the answers

In a Bay' sale, who can the debt be sold to?

Either to the debtor himself or to a third party Signup and view all the answers

What is the primary difference between Bay' and Murabahah?

The party the debt is sold to Signup and view all the answers

What is the main area of disagreement among fiqh schools and jurists regarding Bay'?

The permissibility of selling debt to a third party Signup and view all the answers

What is the term for the sale of debt at a discount?

Bay' dayn Signup and view all the answers