Glossary entry (derived from question below)
Arabic term or phrase:
بيع التولية
English translation:
Tawlia Sale / par-value sale / at-cost sale / respective sale
Added to glossary by
Muhammad Said
Aug 7, 2015 07:12
8 yrs ago
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Arabic term
بيع التولية
Arabic to English
Bus/Financial
Finance (general)
Finance
What is بيع التولية called in English language, in today's Business Market?
Proposed translations
(English)
5 +2 | Tawlia Sale / par-value sale / at-cost sale / respective sale | Muhammad Said |
Change log
Aug 9, 2015 00:17: Muhammad Said Created KOG entry
Proposed translations
+2
11 mins
Selected
Tawlia Sale / par-value sale / at-cost sale / respective sale
The selling of a commodity for its original purchase price/cost price neither with adding a mark-up nor with applying a discount. This sale is a profitless sale whereby the seller accepts to dispose of a commodity without making a profit or incurring a loss.
It is a type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price (i.e., cost of acquisition). The seller, under tawliah arrangement, is bound to fully disclose to the buyer the actual cost of the object subject matter of sale. The seller parts with the goods in return for the principal amount without mark-up or any additional consideration or benefit in whatever form. For example, tawlia sale may involve selling an asset whose historical cost is $2,000 for a current price of $2,000 without any addition to its original cost. Since it requires that the seller honestly reveals the cost of its items, tawlia sale is classified as an amana sale.
It is a type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price (i.e., cost of acquisition). The seller, under tawliah arrangement, is bound to fully disclose to the buyer the actual cost of the object subject matter of sale. The seller parts with the goods in return for the principal amount without mark-up or any additional consideration or benefit in whatever form. For example, tawlia sale may involve selling an asset whose historical cost is $2,000 for a current price of $2,000 without any addition to its original cost. Since it requires that the seller honestly reveals the cost of its items, tawlia sale is classified as an amana sale.
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Comment: "جزاك الله خيرا"
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