Section 07 / 10

Impact of Contingent Incidents on Commitments

20 min

Definition and Scope

The standard covers situations where unforeseen events ("contingent incidents") arise after a contract is formed, making performance impossible, excessively difficult, or economically unreasonable. It addresses:

  • Whether obligations are suspended, reduced, or terminated.
  • Who bears the loss.
  • Whether parties may seek relief or renegotiation.
  • The distinction between force majeure and normal business risk.

Types of Contingent Incidents

CategoryExamplesConsequence
Absolute force majeure (Quwwah al-Qahirah)War, civil unrest, government prohibition, natural disasters, epidemics, or pandemics where performance is objectively impossible.Performance may be discharged or unwound according to risk allocation and restitution rules.
Extreme hardship (Darar al-Ghalib)Sharp production-cost increases, currency collapse, or significant market disruption causing a trading halt.Performance remains possible, but parties may seek suspension, renegotiation, or court adjustment.
Normal commercial riskOrdinary price volatility, supplier default not caused by force majeure, market competition, or expected agricultural weather risk.No force-majeure relief; the party who assumed the commercial risk remains responsible.

Consequences of Contingent Incidents

If performance is objectively impossible:

  • The impossible delivery obligation is discharged or unwound to the extent of impossibility.
  • Any price paid for undelivered performance must be returned unless a valid risk-allocation rule places the loss elsewhere.
  • Neither party can force substitute performance when the subject matter is objectively unavailable or legally impossible.

Example: If a government ban makes delivery of a specified asset illegal, the delivery obligation is discharged and any advance payment for the undelivered asset is refunded. A Salam seller's own crop failure is different: because Salam is normally for generic goods, the seller must source substitute goods unless the goods are objectively unavailable in the market.

If performance is excessively difficult but still possible:

  • Obligations may be suspended pending changed circumstances.
  • Parties may renegotiate terms.
  • If renegotiation fails, a court may modify terms proportionally.
  • An insurer or guarantor, if any, may be called on.

Example: A Murabahah contract requires delivery of imported goods, but import tariffs triple due to sudden trade sanctions. The bank may seek a price adjustment rather than full cancellation.

If loss occurs due to a contingent incident:

  • Allocation depends on who bore the risk at the time of loss.
  • In sales, the buyer bears loss after taking possession and the seller bears loss before possession.
  • In Salam, the seller bears production and sourcing risk because he contracted to deliver generic goods.
  • In Istisna'a, the seller bears completion risk because he contracted to manufacture or construct.

Application in Common Contracts

Murabahah (Cost-plus sale): A bank purchases goods with a 3-month payment plan. After 1 month, war breaks out and import of the goods is legally prohibited. The bank cannot deliver the goods. The bank should refund the customer's payments; the loss is the bank's (it bore ownership risk).

Salam (Pre-paid sale): A buyer prepays for wheat to be delivered in 6 months. Severe drought destroys the seller's own harvest. The seller remains obligated because Salam is a generic delivery obligation, not a sale of that specific crop. He must source equivalent wheat elsewhere if reasonably available; if objective impossibility prevents delivery, he must refund the buyer for the undelivered quantity.

Istisna'a (Manufacturing contract): A builder contracts to construct a building. Mid-construction, earthquake damages the partially completed building. The builder cannot complete. The builder bore the risk; he must either rebuild or refund the customer's advance. Post-delivery, if the building deteriorates due to a contingency, the customer (now owner) bears the risk, not the builder.