Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective

Deferred sale (Bai’ mu’ajjal), in the Islamic Banking and Finance world widely known as Bai’ bi thaman ajil (BBA), is used as an extension to Profit-sale (Bai’ murabahah); both sales complement each other. The Profitsale sells the commodity with profit over the cost price, and BBA plays the role of...

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Main Author:	Ali, Mohammed Farid
Format:	Article
Language:	English English English
Published:	IIUM Press, International Islamic University Malaysia 2018
Subjects:	BL Religion BP1 Islam BP173.75 Islam and economics HB126.4 Islamic Economics HG201 Money
Online Access:	http://irep.iium.edu.my/64518/ http://irep.iium.edu.my/64518/ http://irep.iium.edu.my/64518/1/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman.pdf http://irep.iium.edu.my/64518/2/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman_SCOPUS.pdf http://irep.iium.edu.my/64518/3/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman_WOS.pdf

id	iium-64518
recordtype	eprints
spelling	iium-645182018-07-18T01:25:53Z http://irep.iium.edu.my/64518/ Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective Ali, Mohammed Farid BL Religion BP1 Islam BP173.75 Islam and economics HB126.4 Islamic Economics HG201 Money Deferred sale (Bai’ mu’ajjal), in the Islamic Banking and Finance world widely known as Bai’ bi thaman ajil (BBA), is used as an extension to Profit-sale (Bai’ murabahah); both sales complement each other. The Profitsale sells the commodity with profit over the cost price, and BBA plays the role of receiving that payment on deferred or installment basis. BBA has become the “premier consumer financing facility” for the Islamic financial institutions(IFIs). This paper deals with deferred sale precisely. It looks into its origin and its transition from void to valid sale. Its application as trade contract and its modern application as financing tool is analysed in the light of the maqāṣid Sharīʿah. IIUM Press, International Islamic University Malaysia 2018-06-13 Article PeerReviewed application/pdf en http://irep.iium.edu.my/64518/1/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman.pdf application/pdf en http://irep.iium.edu.my/64518/2/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman_SCOPUS.pdf application/pdf en http://irep.iium.edu.my/64518/3/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman_WOS.pdf Ali, Mohammed Farid (2018) Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective. Intellectual Discourse, 26 (1). pp. 255-261. ISSN 0128-4878 E-ISSN 2289-5639 http://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/1123
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	BL Religion BP1 Islam BP173.75 Islam and economics HB126.4 Islamic Economics HG201 Money
spellingShingle	BL Religion BP1 Islam BP173.75 Islam and economics HB126.4 Islamic Economics HG201 Money Ali, Mohammed Farid Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective
description	Deferred sale (Bai’ mu’ajjal), in the Islamic Banking and Finance world widely known as Bai’ bi thaman ajil (BBA), is used as an extension to Profit-sale (Bai’ murabahah); both sales complement each other. The Profitsale sells the commodity with profit over the cost price, and BBA plays the role of receiving that payment on deferred or installment basis. BBA has become the “premier consumer financing facility” for the Islamic financial institutions(IFIs). This paper deals with deferred sale precisely. It looks into its origin and its transition from void to valid sale. Its application as trade contract and its modern application as financing tool is analysed in the light of the maqāṣid Sharīʿah.
format	Article
author	Ali, Mohammed Farid
author_facet	Ali, Mohammed Farid
author_sort	Ali, Mohammed Farid
title	Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective
title_short	Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective
title_full	Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective
title_fullStr	Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective
title_full_unstemmed	Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective
title_sort	deferred sale (bai' mu'ajjal/bai' bi thaman ajil (bba)): its origin and validity from a maqasid shari'ah perspective
publisher	IIUM Press, International Islamic University Malaysia
publishDate	2018
url	http://irep.iium.edu.my/64518/ http://irep.iium.edu.my/64518/ http://irep.iium.edu.my/64518/1/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman.pdf http://irep.iium.edu.my/64518/2/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman_SCOPUS.pdf http://irep.iium.edu.my/64518/3/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman_WOS.pdf
first_indexed	2023-09-18T21:31:33Z
last_indexed	2023-09-18T21:31:33Z
_version_	1777412544944668672

Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective

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