Bay kali bi kali

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بيع الكالي بالكالي / Bay Al Kali bil Kali: Trading one future liability against another future countervalue, e.g. the price and the delivery is postponed like in a conventional forward agreement. Trading future countervalues is deemed impermissible (Futures, Forward).


References

  • Hadith reference وَذَلِكَ بَيْعُ الدِّينِ بِالدِّينِ وَهَذَا مَعْرُوفٌ بِمُوسَى عَنْ نَافِعٍ]