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| Subject: Chapter 02-Options (al-Khiyiir) in Business Dealings Sat Feb 02, 2013 12:22 pm | |
| Chapter 2
Options (al-Khiyiir) in Business Dealings 848. Ibn 'Umar narrated that the Messenger of Allah said,''The seller and the buyer have the right to go ahead (with the deal) or cancel it so long as they have not parted-physically (and are still at the place transaction), or until one of them gives the other the choice (to think over the deal for a few days even if they parted physically, or to go ahead with the deal before they part). If one of them gives the other this option and the deal is made on this condition, then it becomes binding (even before they part, according to the set condition). And if they part after they have made the bargain and none of them decided to abandon it, the agreement is also bindfng,' Agreed upon and the wording is from Muslim. 849. 'Amro bin Shu'aib narrated on his father's authority who reported from his grandfather , that the Messenger of Allah said, "The seller and the buyer have the right to go ahead (with the deal) or cancel it as long as they have not parted -physically- (and are still at the place of transaction), unless it is a deal of choice, whereby one of them gives the choice to the other to go ahead with the deal or to cancel it before they actually part (i.e. on the spot). And it is not permissible for one of them to part from his companion (before they make the final agreement) for he may want to cancel the deal.''(263) Related by the five Imams except for Ibn Majah. Ad-Daraqutni. In another version, "Until they part from their place (of making the deal). 263. This means that if he suddenly leaves the place of the deal, then this would make the deal final, while his companion might still want to think it over, and may wish to cancel it. So it is disliked to leave the place of the bargain until it is finalized. 850. Ibn 'Umar narrated that, 'A man told the Messenger of Allah that people deceive him in his deals, so the Prophet of Allah told him, "When you conduct a deal, say no cheating or deceiving (in this deal)." Agreed upon. | |
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