SS 52 – Опционы на пересмотр (опционы охлаждения, опционы «либо-либо» и опционы на отзыв в связи с неоплатой)

This Standard aims to explain the Shari’ah rules relating to options to reconsider which contracting parties stipulate in their contracts (cooling- off options, either-or options, and options to revoke due to non-payment) and the application of such options in the activities of Institutions.

The word (Institution/Institutions) is used here to refer, in short, to Islamic financial institutions including Islamic Banks. Options, and Options to Revoke Due to Non-Payment)

Scope of the Standard

This Standard covers options to reconsider (cooling-off options, either- or options, and options to revoke due to non-payment) that are stipulated by the parties to grant them time to reconsider the transaction. It does not cover options to revoke contracts due to incomplete performance (defect, deal fragmentation and breach of condition or description) or options to revoke contracts due to breach of trust (dishonest inducement, deception and overcharging) as they have separate Shari’ah Standards dedicated to them. 2. Cooling-Off Options