Moneylenders were not satisfied with the “two safkas in one safka” concept so including another “safka” they established the “bey bi’listiğlâl” (البيع بالإستغلال).
The term “istiglal” refers to the obtaining of profits and revenue from something. “Bey bi’listiğlâl” is the “bey bi’l-vefa” agreement that foresees the renting of the property to its vendor. There are three contracts merged into one contract in this case: sale, pledge, and rent. Someone that purchases a real property applying “bey bi’l-vefa” uses it or rents it. The most common way of leasing is to rent it to its vendor. Thus the property remains in the hands of its original owner.
Those who accept “bey bi’l-vefa” claiming the constant needs of people to find a loan-providing segment, also refer to the same causes in order to accept “bey bi’listiğlâl”. Yet it is obvious that this is nothing else but the masking of usury behind the image of trading. If we had applied the prohibitions established by the Messenger of Allah, this would not have happened. “Bey bi’listiğlâl” and “bey bi’l-vefa” will be discussed in details in one of the following chapters.