 In this module, we would discuss a rather controversial sale contract. It is not accepted by majority of the schools of thought in Islamic law. However, Shafi School of Thought, at least a minority of the jurists in Shafi School of Thought, they accept it. It is called Baye al-A'ina or buyback facility. In case of buyback sale, two sales take place. In the first sale, one person sells something to the other person and that other person sells back the same asset to the first person. The end result is that the object of sale comes back to the original seller. However, during this arrangement, some kind of liability takes place. And I would like to explain this with the help of an example in a minute. But we must understand right from the beginning that this is a controversial sale contract. It is not accepted by everyone, especially in Pakistan where Hanafi School of Thought is practiced. Baye al-A'ina is not accepted by the Sharia scholars in this country. It was heavily used in Malaysia where Shafi School of Thought is actually practiced. Let us see how Baye al-A'ina works. As I said, there are two sales. In the first sale, a seller one sells something to a buyer one on a deferred payment basis. So this defer payment is important for certain price P1. Immediately after this, the buyer who becomes the seller now sells the same thing to seller one for a price P2 on cash basis. So the first sale is on defer payment basis and the second one is on cash basis for a different price. In such a way that the second price, which is P2, the price in the second sale, this is less than P1, which is the price in the first sale, which happens to be deferred payment sale. The end result is that there is a liability or financial facility created and seller one receives financing of P2 for financing cost of P1 minus P2. This is a borrowing arrangement in which a person takes a loan from another person and returns the loan with an additional amount after some time. Majority of the foo kaha, they don't like it because they think that this is a Heela. Reba is considered a Heela to be brought from the back door. But as I said, in Malaysia, Sharia scholars, they take the view that this is a valid sale contract as long as it is done properly. And there are two requirements to do it properly. If they are fulfilled, then maybe this sale contract is a Sharia permissible sale contract. Having said that, it is a controversial sale contract, which is not permissible by majority of Sharia scholars in some countries, especially in Malaysia. This has been used in the past. However, even there, the use of Baye Alayina is going away. It is gradually being removed.