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Buyu Muharramah

Arabic (بيوع محرمة) for prohibited sales; a category of buyu (pl. of ba'i or bay') that consists of all sales...

Ba’i Habal al-Habalah

Arabic (بيع حبل الحبلة) for a type of prohibited sale that was prevalent in pre-Islamic Arabia where the fetus of...

Prohibited Sales

A category of buyu (pl. of ba'i or bay') that consists of all sales that are impermissible under shari'a due...

Musha

Arabic (مشاع) for a share in undivided property. It is an unidentifiable portion in a common property- i.e., a property...

Bay’ Istijrar

In Islamic finance, it is a contract (of bay’) whereby a supplier agrees to deliver a specific commodity/item to a…

Bay’ al-Majhul

A type of bay’ al-gharar in which the object of sale or the price (thaman) is unknown, or in the…

Ba’i al-Ikhtiyar

According to Malikis, it is a sale (ba’i) in which the buyer has the option to choose one from among…

Nonbinding Promise

In Arabic, it is originally known as a wa'ad ghair mulzim; a wa’ad (promise) in which the promisor (al-wa’ed) is...

Bay’ al-Muamalah

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

Rollover in Murabaha

A repricing of murabaha goods (murabaha inventory) which ensues default by the purchaser of such goods. This process involves increasing...