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Tawarruq

A transaction whereby a person buys an asset/ commodity from a seller on the basis of deferred payment, whether through...

Ikrah

The use of coercion to force someone to do something without his/ her consent (ridha). Coercion or duress or compulsion...

Ba’i al-Hadhir lil Badi

A type of sale (ba’i) in which a city-dweller (al-hadhir) sells on behalf of a Bedouin or a desert dweller...

Ba’i al-Mu’atah

A contract of sale (ba'i) in which the buyer picks up the goods and pays the price to the seller...

Sarf

The sale of a monetary amount in exchange for another monetary amount. More specifically, it is the exchange of one...

Ba’i al-Tanajush

A form of prohibited sale (ba'i batil) in which a person or group of persons connive with a seller to...

Ba’i al-‘Inah

Arabic (بيع العينة) for a round-tripping sale (or double sale) in which one party (actually the lender) sells another (actually...

DCR

It stands for displaced commercial risk; a risk exposure, in Islamic banks and financial institutions (IFIs), whereby the institution attempts...

Displaced Commercial Risk

A risk exposure, in Islamic banks and financial institutions (IFIs), whereby the institution attempts to remain competitive and withstand commercial...

Ba’i Habal al-Habala

Arabic (بيع حبل الحبلة) for a type of sale prohibited sale (impermissible under shari'a) that was prevalent in pre-Islamic Arabia...