Ownership alone is not enough. Before resale, the seller must have physical or constructive possession. Constructive possession means legal control with transfer of relevant rights, liabilities and risk even without physical movement.
Term explanation: Constructive possession: legal control of an asset together with its relevant ownership risk.
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Cost-Plus Sale (مرابحة): Foundations and Rules of Sale
Ownership alone is not enough. Before resale, the seller must have physical or constructive possession. Constructive possession means legal control with transfer of relevant rights, liabilities and risk even without physical movement.
Term explanation: Constructive possession: legal control of an asset together with its relevant ownership risk.