Fatwa: Relieving the Exporter From Defects Found in Goods

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1. Fatwa Database https ://islamicmarkets.com/publications Topic: Relieving the Exporter From Defects Found in Goods Question: Is it permissible to enter into a sale contract with the promising buyer on damaged good that have been shipped on board a vessel provided that such damage is disclosed to the promising buyer prior to the contract or should the Kuwait Finance House relieve the exporter of the damages prior to the promising buyer relieves Kuwait Finance House before the contract is signed with him? Answer: There is no connection between the act of promising to buy and the contract signed with the exporter. Each one shall have its provisions applied in the light of the agreed terms with regard to claiming compensation against damages or rebating the claim. However, relieving the promising buyer of the damage liability shall only be considered at the time of executing the purchase contract with him. Compiled & Classified By: Dr Ahmed Mohieddin Ahmed Source: Reviewed by: Dr Abdul Sattar Abu Ghuddah Kuwait Finance House, Book of Fatwas in economic issues, Parts (1), and (2), Fatwa No. (62).