Circumstances under which a business contract is considered invalid in Islam

      

Circumstances under which a business contract is considered invalid in Islam

  

Answers


samuel
A sale is not valid unless there is an offer by the seller and acceptance by the buyer or his agent.

The transaction is invalid ‘if the offer and acceptance do not correspond i.e if the offered ‘price’ is one thousand and the buyer ‘accepts’ for five hundred.
A sale is invalid if the offer or acceptance is made conditional upon an event outside the agreement e.g ‘I sell it to you. should the rain fall.’
Parties to the contract must have reached the age of puberty and are sane. It is not a must that both are Muslims. _
Parties to the contract must not be forced to make the business contract. c
A business contract should not involve something that is impure in itself (najasa) e.g sale of pigs.
It is invalid to transact something which is not useful or unlawful e.g poison, musical instruments.
It is not valid to sell other people’s properties without their permission.
Any business contract or transaction that involves riba (interest) is invalid (Q.2:275; 2:278).
It is not valid to make a transaction or contract that includes an invalid stipulation e.g I buy your house provided you divorce your wife.
lemass answered the question on March 12, 2019 at 18:18


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