This Standard covers options to reconsider (cooling-off options, either-or options, and options to revoke due to non-payment) that are stipulated by the parties to grant them time to reconsider the transaction. It does not cover options to revoke contracts due to incomplete performance (defect, deal fragmentation and breach of condition or description) or options to revoke contracts due to breach of trust (dishonest inducement, deception and overcharging) as they have separate Shariah Standards dedicated to them.

« Options to Revoke Contracts Due to Incomplete Performance: Appendix B - The Shariah Basis for the Standard Adoption of the Standard »