Bai‘ al-hadir li-bad

Definition of "Bai‘ al-hadir li-bad"

Lit: Sale by the urbanite for the nomadic. Tech: A type of business practice in the days of the Prophet whereby some people worked as agents of the grain growers of the rural areas. These agents earned profit both from the seller and the buyer and often deprived the rural cultivator of his just profit and the urban buyer of a just price. The Prophet prohibited this type of arrangement, enabling the sellers and buyers to deal directly with one another.