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Ba’i al-Ghayeb

A type of sale (ba'i) in which the object of sale is not available at the contracting session (majlis al-aqd)...

Bay al-Tawarruq

Tawarruq is an Arabic word that literally means minted silver (al-wariq) or the act whereby some person seeks silver money....

Ba’i al-Muqayadah

A mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to a medium of...

Credit Murabaha

A type of murabaha (cost-plus sale) which is established on the basis of mark-up over the actual purchase price incurred...

Deferred Murabaha

A type of murabaha (cost-plus sale) in which the purchaser pays the agreed amount (price plus market-up) for the goods...

Riba Jaly

Arabic (ربا جلي) for apparent usury (ostensible riba/ manifest riba/explicit riba). It is a type of riba that arises in...

Riba Jali

Arabic (ربا جلي) for apparent usury (ostensible riba/ manifest riba/explicit riba). It is a type of riba that arises in...

Ba’i al-Nasiah

Arabic (بيع النسيئة) for a type of sale on credit (ba'i ajel) in which the price (thaman) is paid in...

Ba’i al-Gharar

Arabic (بيع الغرر) for aleatory sale transactions or sales with uncertain outcome. In other words, it is the sale of...

Madeen

Arabic (مدين) for debtor; a party (legal or natural) that owes an amount of money (in whatever form, including economic...