Literally: The Arabic word refers to even as the opposite of odd. Technically it is the right to own an immovable by payment of the price due even/ with legal force. The pre-emptor is called the shafi’; the other party, the owner who is forced to sell, is called ma’khudh minhu. The property is called mashfu’ fihi. For further details see ISRA Compendium.

Is It Allowed to Buy Shares when the Share Manager Stipulates the Right to Buy Back the Shares when the Buyer Decides to Sell?
Lessee’s Priority to Purchase Asset in the Event of Default in Rental Payment
Buying and Selling of Shares in a Company

Islamic Financial System ©



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