Bay' al-Dayn

Dayn (Debt): Literally: dayn is any future liability on a person, without it being in any particular form, money or something else. Technically: jurists use the term 'debt' in two senses: general: an absolute obligatory right for which a person is liable in the future; private (according to the majority of jurists): any monetary obligation on a person that is incurred due to an exchange transaction, damage to property, loan taken, personal injury, or the rights of Allah, such as zakah. Bay' al-dayn is the sale of debt which can be either against a debt or other than a debt, to the debtor or other than the debtor, on a cash basis or a deferred payment basis.

Total Fatwas : 28
No. Title
1 Can the Buyer Resell the Subject Matter of a Salam Sale or Istisna‘ before It Is Delivered?
2 Exchanging a Deferred Payment Bond in a Currency Other Than the Currency Used to Issue the Bond
3 RESOLUTION No. 101 (4/11): DEBT SALE AND LOAN DEBENTURES AND THEIR ISLAMIC SUBSTITUTES IN PUBLIC AND PRIVATE SECTORS
4 Murabahah Purchase of a Factory with Its Outstanding Debt
5 Selling Construction Materials by Murabahah
6 Selling Construction Materials by Murabahah
7 Structuring a Construction Contract as Murabahah with a Mark-up Charged on Payment for Labor
8 قرار رقم 158 (7/17) بشأن بيع الدين
9 تحويل عملية مرابحة فاسدة إلى قرض حسن
10 Taking the Place of the Owner in a Forced Sale

 

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