Bay’ al-Wafaa’
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What is Bay’ al-Wafaa’ and what are the rulings concerning it?
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Answer:
Praise be to Allaah
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:
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.
This contract is not permissible according to sharee’ah.
Whatever written of Truth and benefit is only due to Allah's Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.
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