Recording significant transactions in writing
10
Etiquette of Buying & Selling
Recording significant transactions in writing
"O you who have believed, when you contract a debt for a specified term, write it down."
Reference: Qur'an, Surah Al-Baqarah 2:282
Explanation
Written documentation protects both parties from later disputes over the terms of a deal.
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Related Results
9Avoiding interest (riba) in transactions11Not exploiting a buyer’s unfamiliarity with market prices8Not undercutting another’s ongoing negotiation12Respecting the right to reconsider before parting ways7Being lenient in buying, selling, and collecting payment6Avoiding transactions with excessive uncertainty (gharar)