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Ba’i al-‘Aaraya

A type of sale in which some trees in an orchard are donated by the owner to the needy in…

Ba’i al-Khiyar

A contract of sale (ba’i) that is embedded with an option (khiyar), granting either party the right to rescind the…

Ba’i al-Muhaqalah

A type of sale (ba’i) in which grains in ears are sold for dry (processed) grain. For example, this sale…

Ba’i al-Malaqeeh

A type of transaction that involves the sale (ba’i) of an animal’s embryo such as that of a cow, she-camel,…

Bargaining Sale

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

Ba’i al-Murawadah

The sale (ba’i) of goods that have not been actually or constructively possessed by the seller. This involves the sale…

Ba’i al-Muwasafah

The sale (ba’i) of goods that have not been actually or constructively possessed by the seller. This involves the sale…

Bai’ Mu’ajjal

An Arabic term (بيع مؤجل) that translates as sale on credit or credit sale. By definition, it is an Islamic...

Ba’i al-Wafa

A sale (ba'i) in which the seller has the right, as stipulated in the contract, to repurchase the underlying property...

Binding Agency

An agency contract (aqd al-wakalah) that is binding on either party or both (wakalah mulzimah). While agency is essentially not...