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Ba’i al-Muajjil

A type of sale on credit (ba'i ajel) in which the price (thaman) is paid in full at a future...

Aks al-Einah

Arabic (عكس العينة) for reverse sale and buy-back; a form of einah sale (بيع العينة) in which a commodity is sold...

Gharar Kathir

An excessive degree of gharar that renders a contract or transaction void from a shari'a point of view. Gharar represents...

Mukharajah

Arabic (مخارجة) for a composition that is entered into by joint heirs to property, whereby some waiver their shares in...

Al-Thaman

The price or monetary amount of an object of sale (tangible like commodities or intangible like services), i.e., what is...

Al-Shart al-Batil

A shart (condition) in a commutative contract that leads to an impressible outcome (haram). For example, a shart batil may...

Bay’ al-Mawquf

A type of sale (ba'i) which is lawful in substance and description but is concluded by, or with the intervention/...

Benevolent Loan

An interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence...

Bay’ al-Najsh

A form of prohibited sale (bay' batil) in which a person or group of persons connive with a seller to...

Al-Ibahah al-Asliyah

A general shari'ah maxim that all commercial and financial activities are originally permissible by the primary sources of shari'ah, unless...