What does bay' al-'inah mean?
'Bay' al-'inah' is when a person sells a commodity for a deferred price, then buys it back for a lower cash price. This is forbidden according to the majority of scholars because it is a usurious trick, as if it were a loan with an increment in the form of a sale. Its prohibition is indicated by the of Ibn Umar: "If you engage in 'bay' al-'inah... Allah will impose humiliation upon you, which He will not remove until you return to your religion." 'Aishah (may Allah be pleased with her) invalidated Zayd ibn Arqam's jihad because of his engagement in this type of sale. Moreover, one who deceives regarding the forbidden increases in wickedness and combines both the forbidden and deception of Allah.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Ftawy
- Original fatwa ID
- 19100
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy