Bay’ al-Wafaa’ means selling something 
 on the condition that when the vendor pays back the money he accepted, the purchaser will 
 return the item to him.
The scholars have decided the following:
<ol>
<li>
This transaction is in reality a loan which leads to benefits for the 
 lender, and is an attempt to get around the prohibition on ribaa. The majority of scholars 
 said that this is not a valid transaction. 
</li>
<li>
This contract is not permissible according to sharee’ah.
</li>
</ol>

Forbidden Transactions

Majma’ al-Fiqh al-Islami, p. 146

Bay’ al-Wafaa’

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