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Ba’i al-Ajel

An Arabic term (البيع الآجل) denotes refers to sale on credit or credit sale. By definition, it is an Islamic...

Ghaban Fahish

An excessive profiteering (ghaban) in which the seller intentionally deceives the buyer by stating explicitly or implicitly that the sale...

Mufawadah Partnership

A type of partnership (musharakah or sharikah) which holds all participating parties at equal footing in terms of funds contributed,...

Mal Ghayr Mutaqawwim

According to the Hanafi school of thought (mazhab), a category of mal that has no value from the perspective of...

Ghaban

Arabic (غبن) for a fraudulent practice by which one party to a commutative contract (ba’i, ijarah, salam, etc.) attempts to...

Al-Mal

A general Arabic term (المال) that denotes wealth, property, money, funds, or any valuable things (intangibles included) that can be...

Mal Ghair Mutaqawwim

According to the Hanafi school of thought (mazhab), a category of mal that has no value from the perspective of...

Mal

A general Arabic term (مال) that denotes wealth, property, money, funds, or any valuable things (intangibles included) that can be...

BBA

It stands for ba'i bithaman ajil; a contract of sale (ba'i) in which goods are sold on a deferred payment...

Ba’i al-Muzayadah

A transaction that involves the sale (ba'i) of an asset in the open market based on the process of bidding...