Sales & Purchases (Trading Allowed (Bai' Al-sarf : purchase two…
Sales & Purchases
Bai' Al-sarf : purchase two items in the form of currency
:check:: Example: Money Excahange (rm to dollar)
Bai' As-Salam : Prepayment of purchases
:check: Example : Purchase online and pay with the delivery fees and the items delivered at specific date.
Bai' Al-Istisna' : selling goods not yet exist
:check:Example : Manufacturer items like build a house
Bai' Al- Wafa' : Repurcahse items that being sold
:check:Example : Seller pay the buyer by refunding the money (house/land)
:!: seller has right to repurchase the item
Bai' Al- Murabahah : Mark up sell
:check: Example : Buy car through the bank because can't affprd to pay lump-sum
:star: Transaction: Bank buy the car from supplier RM500K. The bank sold to a person RM530K.
:!: seller need to inform the buyer profit they gain
Bai' Al- Tauliyah : sales and purchase at cost price
:check: Example : I sell u the car at a price RM25K at cost price.
:!: seller does not take any profit from buyer
Bai' Al- Wadiah : Buy and sell at price below cost.
Buy and sell that is lower than the original price with the seller is ready to accept a loss at a certain rate
:check: Example : "i sell the house at a price of RM45K less tahn the prices of RM5 trees. (prices is RM50K)
Bai' Al- Musawamah : Bargaining sale
:check: example : The seller and buyer negotiate the terms (especially the price) of the subject-matter.
Bai' Al- Isyrak : sale and purchase some items with partial original price with the seller does not take any profit.
:check: Example : the original price is RM20K, I sell half of it to you at price of RM10K