The counter-value in a commutative contract (an exchange-based contract or a barter exchange). In other words, it may refer to...

The compensation (badal) that is paid by a landlord to a tenant against having the leased property vacated from the...

An Arabic term (المرابحة للواعد بالشراء) that translates as murabaha to the purchase orderer (or wa'aed- the promisor or provider...

Arabic (بيع الخيار) for a contract of sale (bay’) that is embedded with an option (khiyar), granting either party the...

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

Arabic (بيع الحاضر للبادي) for a type of sale (ba’i) in which a city-dweller (al-hadher) sells on behalf of a...

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Plural of nazelah; nazelah (نازلة ونوازل) is a new occurrence that requires a new shari'ah ruling (hukm) or nomination (takyeef)....

A murabaha transaction wherein the Islamic bank purchases an asset/ commodity, upon the request of a customer, from a third-party...

A murabaha transaction between a purchaser and an investment agent (wakil bil istithmar) acting as mudarib or investment agent on...