Book Three: Banking Transactions · Part Six: Commercial Transactions of Islamic Financial Institutions · Chapter Two: Special Provisions for Certain Types of Contracts and Obligations to which Islamic Financial Institutions are a Party: Section One: Promise to Contract: Article (475) · Section Two: Installment Sale: Article (476)
1. The sold item's price, properties, form, volume and other distinguishing features thereof shall be specified upon signing the contract, and no agreement to contrary may be made.
2. The sold item's price shall be fixed as provided for in the contract, and no increase in price may be stipulated where the payment of installments is delayed for any reason whatsoever, and any agreement to the contrary shall be null and void.
Interpretation and application must be checked against the official text and current version.
