Key money (badl al-khulu): an Islamic perspective

The key money (badl al-khulu) refers to the amount that one pays to the other who forgoes his/her right to enjoy the usufruct of the real estate like house, shop and others. This paper intends to study the legal status of exchanging key money from the perspective of Islamic law. The study is qualita...

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Main Authors:	Habibur Rahman, Muhammad, Osmani, Noor Mohammad
Format:	Article
Language:	English
Published:	State Islamic University (UIN) Ar Raniry Banda Aceh Indonesia 2018
Subjects:	KBP1 Islamic law.Shariah.Fiqh
Online Access:	http://irep.iium.edu.my/68455/ http://irep.iium.edu.my/68455/ http://irep.iium.edu.my/68455/1/Ar-Raniry%20Indonesia.pdf

id	iium-68455
recordtype	eprints
spelling	iium-684552018-12-12T06:31:55Z http://irep.iium.edu.my/68455/ Key money (badl al-khulu): an Islamic perspective Habibur Rahman, Muhammad Osmani, Noor Mohammad KBP1 Islamic law.Shariah.Fiqh The key money (badl al-khulu) refers to the amount that one pays to the other who forgoes his/her right to enjoy the usufruct of the real estate like house, shop and others. This paper intends to study the legal status of exchanging key money from the perspective of Islamic law. The study is qualitative in nature and an analytical method is employed to accomplish the study based on both classical and modern references of the topic. The study finds that the exchange of key money could be between the tenant and the landlord or between the current tenant and the subsequent tenant, or among all these three parties. If the exchange of key money is made during the lease period then it is permissible. However, if it is made after expiry of lease period then it is invalid because after termination of the right of tenant the landlord is more entitled to his/her possessions and he/she may do whatever wishes. Nevertheless, if the landlord consents to the exchange of key money, and the tenant makes a new lease agreement with him, then the exchange of key money is valid despite the expiry of the lease period. State Islamic University (UIN) Ar Raniry Banda Aceh Indonesia 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/68455/1/Ar-Raniry%20Indonesia.pdf Habibur Rahman, Muhammad and Osmani, Noor Mohammad (2018) Key money (badl al-khulu): an Islamic perspective. Ar Raniry : International Journal of Islamic Studies, 5 (1). pp. 53-81. ISSN 2355-7885 E-ISSN 2355-813X http://journalarraniry.com/ojs/index.php/jar
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	KBP1 Islamic law.Shariah.Fiqh
spellingShingle	KBP1 Islamic law.Shariah.Fiqh Habibur Rahman, Muhammad Osmani, Noor Mohammad Key money (badl al-khulu): an Islamic perspective
description	The key money (badl al-khulu) refers to the amount that one pays to the other who forgoes his/her right to enjoy the usufruct of the real estate like house, shop and others. This paper intends to study the legal status of exchanging key money from the perspective of Islamic law. The study is qualitative in nature and an analytical method is employed to accomplish the study based on both classical and modern references of the topic. The study finds that the exchange of key money could be between the tenant and the landlord or between the current tenant and the subsequent tenant, or among all these three parties. If the exchange of key money is made during the lease period then it is permissible. However, if it is made after expiry of lease period then it is invalid because after termination of the right of tenant the landlord is more entitled to his/her possessions and he/she may do whatever wishes. Nevertheless, if the landlord consents to the exchange of key money, and the tenant makes a new lease agreement with him, then the exchange of key money is valid despite the expiry of the lease period.
format	Article
author	Habibur Rahman, Muhammad Osmani, Noor Mohammad
author_facet	Habibur Rahman, Muhammad Osmani, Noor Mohammad
author_sort	Habibur Rahman, Muhammad
title	Key money (badl al-khulu): an Islamic perspective
title_short	Key money (badl al-khulu): an Islamic perspective
title_full	Key money (badl al-khulu): an Islamic perspective
title_fullStr	Key money (badl al-khulu): an Islamic perspective
title_full_unstemmed	Key money (badl al-khulu): an Islamic perspective
title_sort	key money (badl al-khulu): an islamic perspective
publisher	State Islamic University (UIN) Ar Raniry Banda Aceh Indonesia
publishDate	2018
url	http://irep.iium.edu.my/68455/ http://irep.iium.edu.my/68455/ http://irep.iium.edu.my/68455/1/Ar-Raniry%20Indonesia.pdf
first_indexed	2023-09-18T21:37:10Z
last_indexed	2023-09-18T21:37:10Z
_version_	1777412897775812608

Key money (badl al-khulu): an Islamic perspective

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