What is Bay’ al-Wafaa’ and what are the rulings concerning it?
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12,66805/11/1999
Bay’ al-Wafaa’
Question: 2147
Answer
Praise be to Allah, and peace and blessings be upon the Messenger of Allah and his family.
Bay’ al-Wafaa’ means selling something on the condition that when the vendor pays back the money he accepted, the purchaser will return the item to him.
The scholars have decided the following:
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This transaction is in reality a loan which leads to benefits for the lender, and is an attempt to get around the prohibition on ribaa. The majority of scholars said that this is not a valid transaction.
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This contract is not permissible according to sharee’ah.
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Source:
Majma’ al-Fiqh al-Islami, p. 146
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