BAY’ AL-WAFA’: PERMASALAHAN DAN SOLUSI DALAM IMPLEMENTASINYABay Al-Wafa' Contract • November 11th, 2016
Contract Bay al-Wafa‟ is one form of sale and purchase agreement that emerged in the mid-fifth century AH in Central Asia (Bukhara and Balk). Contract bay al-wafa' is a conditional sale and purchase, where goods that have been sold can be bought back by the seller at the same price. This study used a qualitative approach with in-depth interviews as the main instrument for data collection. This study took place in three districts, namely North Labuhan Batu district, Madina and Serdang Berdagai district. The cause of the emergence of the practice of contract bay al-Wafa‟ among the people of North Sumatra due to: the needs of society to meet the needs of families and their survival and continuation of education, transactions carried out by the public by using of bay al-wafa' is a perceived risk of business activities lighter., very helpful and useful and the process is very simple, easy and quick to be realized, and the practice of contract bay al-wafa' in North Sumatra have a different n
ContractBay' Al-Wafa' Contract • September 3rd, 2006
This sale contract has various other names with the Fuqaha' who dealt with it, such as bay' al-'uhdah (custody sale) because both parties pledge to return the substitute or the alternative after a specific period or because the buyer guarantees the item; bay' al- idah or bay' al-wa'd (promise sale) because the sale happens as a result of a binding promise instead of a condition; bay' al-amanah (trust sale) because the item sold is entrusted with the buyer; bay' al-nass (people's sale) because people used it frequently and became used to it; al-bay' al-jaa'iz (allowed sale) because some fuqaha' have legitimized it to the point that there is no other contract being legitimized as such and al-bay' al-mu'ad (the retuned sale) because there is a sale and a repurchase. It seems that this kind of sale is as old as the Fifth Century after Hijra.
