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)
Where the contracting parties agree that the sale would be made at the market price, the price shall be fixed at the time and place where the contract is made. In case of multiple market prices, the average price shall prevail. No agreement may be made to fix the price or enter into a contract based on the market price in the future or to be fixed on the basis on a variable indicator.
Interpretation and application must be checked against the official text and current version.
