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10. Buying and Selling

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  • Ruling 2129

    If gold is sold for gold or silver is sold for silver, irrespective of whether the gold and silver are minted coins or not, then in the event that the weight of one of them is more than …

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  • Ruling 2130

    If gold is sold for silver or silver is sold for gold in an immediate exchange transaction, the transaction is valid and it is not necessary for their weight to be the same. However, if the transaction has …

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  • Ruling 2131

    If gold or silver is sold for gold or silver, the seller and buyer must hand over the commodity and the payment in exchange to each other before they depart from each other. If they do not hand …

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  • Ruling 2132

    If the seller or the buyer hands over everything that was agreed but the other party hands over only a part of what he agreed and they depart from each other, the transaction is in order with respect …

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  • Ruling 2133

    If silver dust from a mine is sold for pure silver, or gold dust from a mine is sold for pure gold, the transaction is invalid unless it is known that, for example, the amount of silver dust …

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  • Ruling 2134

    The right to annul a transaction is referred to as a khiyār (option). A buyer or a seller can annul a transaction in one of the following eleven cases:when the buyer and the seller have not departed from …

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  • Ruling 2135

    If the buyer does not know the price of the commodity or is unmindful of it at the time of the transaction and buys it for a price that is higher than its normal price, then in the …

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  • Ruling 2136

    In a transaction involving a conditional sale, wherein, for example, a house worth £100,000 is sold for £50,000 with an agreement that if the seller returns the money within a stipulated period he can annul the transaction, the …

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  • Ruling 2137

    In a transaction involving a conditional sale, even if the seller is confident that should he fail to return the money within the stipulated period the buyer will give him the property, the transaction is valid. However, if …

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  • Ruling 2138

    If a person mixes high-grade tea with low-grade tea and sells it under the label of high-grade tea, the buyer can annul the transaction.

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