Deferred sale (Bai' Mu'ajjal/Bai' bi Thaman Ajil (BBA)): its origin and validity from a Maqasid Shari'ah perspective

• Main Author: Ali, Mohammed Farid
• Format: Article
• Language: English; English; English
• Published: IIUM Press, International Islamic University Malaysia 2018
• Subjects: BL Religion; BP1 Islam; BP173.75 Islam and economics; HB126.4 Islamic Economics; HG201 Money
• Online Access: http://irep.iium.edu.my/64518/1/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman.pdf; http://irep.iium.edu.my/64518/2/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman_SCOPUS.pdf; http://irep.iium.edu.my/64518/3/64518_Deferred%20Sale%20%28Bai%27%20Mu%27ajjal-Bai%27%20bi%20Thaman_WOS.pdf; http://irep.iium.edu.my/64518/; http://journals.iium.edu.my/intdiscourse/index.php/islam/article/view/1123
• Institution: Universiti Islam Antarabangsa Malaysia

Deferred sale (Bai’ mu’ajjal), in the Islamic Banking and Finance world widely known as Bai’ bi thaman ajil (BBA), is used as an extension to Profit-sale (Bai’ murabahah); both sales complement each other. The Profitsale sells the commodity with profit over the cost price, and BBA plays the role of...