Exchanges
Listed Stock
February 7, 2022
Islamic Finance
Heyazah
February 7, 2022

Arabic (خيار القبول) for option (khiyar) that both parties to a contract (aqd) have, prior to the expression and communication of qabul (acceptance), and whereby they may, or may not, proceed to conclude the contract. This option can be exercised by the parties before the contract is concluded.

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