Al-bai‘ al-nafidh
![Dictionary term](https://islamicmarkets.com/images/dictionary_term_icon.png?v=9128efbf-7179-4a47-8210-004a088f18b0)
Definition of "Al-bai‘ al-nafidh"
A contract of sale that does not involve any right of the third party. It is of two types: lazim (binding) and ghair lazim (non-binding). The lazim is a contract of sale that has no options (to rescind) for any of the parties and the ghair lazim is a contract of sale that may have at least one option for any of the parties.