Are there contemporary applications for the Muhaqalah transaction?
All perfect praise be to Allaah, the Lord of the worlds. I testify that there is none worthy of worship except Allaah and that Muhammad, sallallaahu ‘alayhi wa sallam, is His slave and Messenger.
Muhaqalah is to sell crops in a field or wheat still in its ear in return for a certain known measure of food. Scholars unanimously agreed that such a kind of sale is impermissible because Jaabir said, “The Messenger of Allaah, sallallaahu ‘alayhi wa sallam, forbade the transactions of Muzabanah and Muhaqalah." [Muslim] (Muzabanah means that fresh dates on the trees would be sold against dry dates. Muhaqalah means that the wheat in the ear would be sold against wheat).
The form of that transaction does not change by the change of time.
Allaah Knows best.
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