Sale of debt (بيع الدين) means selling a monetary receivable to another party. A common example is selling a bill or debt claim before maturity at a discount.
Once a commodity has already been sold and only money remains payable, the seller no longer owns the commodity. What he owns is a monetary claim.
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Murabahah Funds, Sale of Debt (بيع الدين) and Mixed Funds
Sale of debt (بيع الدين) means selling a monetary receivable to another party. A common example is selling a bill or debt claim before maturity at a discount.
Once a commodity has already been sold and only money remains payable, the seller no longer owns the commodity. What he owns is a monetary claim.