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Arboun

Arabic (عربون) for down payment, "partial" payment in advance, or security deposit. The payment/ deposit is intended to secure a...

Sukuk al-Muqaradah

A type of sukuk al-musharakah that is structured based on the contract of muqaradah (mudaraba), whereby the capital (ras al-mal)...

Bay’ al-Majhool

Arabic (بيع المجهول) for a type of bay’ al-gharar in which the object of sale or the price (thaman) is...

Khiyar al-Roy’at

A khiyar (option)- right spelling: khiyar al-ruyah- whereby the buyer as the right either to consummate the contract of sale...

Ba’i wa Salaf

Arabic (بيع وسلف) for a type of sharia-incompliant sale (invalid sale or ba’i ghair sahih) that combines a normal sale...

Khiyar al-Khianah

A khiyar (option) that comes into effect when the buyer, in a trust sale (ba’i al-amanah) finds out that the...

Methqal

An Islamic measure of weight (in Arabic script: مثقال) that is equal to 4.25 grams (0.137 ozt). As a unit...

Khiyar al-Radd

Arabic (خيار الرد) for an option (khiyar) to return an object of sale to the seller due to defect ('ayb/...

Misqal

An Islamic measure of weight (in Arabic script: مثقال) that is equal to 4.25 grams (0.137 ozt). As a unit...

Khiyar al-Kimmiyya

A khiyar (option) that comes into effect if a person buys an item in barter for unseen items in a...