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Accounts Payable Turnover Ratio

A financial ratio that relates the cost of goods sold to accounts payable. This ratio is calculated by dividing the…

Abnormal Returns

The portion of return that is not attributed to systematic influences and conditions. Instead, abnormal returns are typically the result…

Bearer Instrument

A negotiable instrument that is payable to bearer or to “cash”, rather than to an identifiable payee. The bearer is…

Ba’i al-Mustarsel

Arabic (بيع المسترسل) for a case of sale (ba’i) in which the buyer doesn’t haggle over the price (i.e., takes…

Ba’i al-Raja’

A type of sale (ba’i) that was introduced by the Zaydi school of though (mazhab) in which an agricultural land…

Bay’ Ilqa’ al-Hajar

A type of sale (bay’), prevalent in pre-Islamic times, in which the object of sale was determined as the one…

Ba’i Nafizh

Arabic (بيع نافذ) for a type of ba’i muna’aqid (enforceable contract of sale). By definition, it is a contract of…

Ba’i Bithaman Ajil

Arabic (بيع بثمن آجل) for a contract of sale (ba’i) in which goods are sold on a deferred payment basis.…

Ba’i Al-Mukhasarah

A contract of sale in which the seller reveals (or is under obligation to reveal) to the buyer his actual…

Bargaining Sale

In Islamic finance, it refers to the selling of a commodity at an agreed upon price irrespective of the original…