AAOIFI Shariah Standards
Options to Terminate Due to Breach of Trust (Trust-Based Options): Scope & Shariah Ruling
This Standard covers the rules relating to options of buyers to revoke contracts that arise immediately upon the seller deceiving the buyer by statement or conduct or grossly overcharging him in specific circumstances. It does not cover Khiyarat al-Tarawwi (options to reconsider) or Khiyarat al-Salamah (options to revoke due to incomplete performance) as they have separate Shari’ah Standards dedicated to them.
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