Al-Qsar (Tarifa)

Al-Qasar, or Tarifa, refers to a fixed, pre-determined price set by a seller for a product or service. This price remains constant regardless of who buys it or how much is purchased. It simplifies transactions by providing clarity and fairness, ensuring both buyer and seller agree on a standard cost. In Islamic finance, setting a Qasar is essential for clarity and transparency, helping prevent disputes and ensuring ethical dealings. Essentially, it’s a standard rate established upfront for consistent, straightforward transactions.