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Back-To-Back Salam

A salam contract in which the seller (the short) or the buyer (the long) in the original (previous) salam becomes...

Back-To-Back Istisna’a

An istisna'a contract in which one counterparty (the seller or the buyer) is also a counterparty to a previous istisna'a...

Jahalah Fahishah

A type of jahalah that denotes "excessive or major ignorance/ lack of knowledge" about the object of sale or price...

Ju’alah

In Islamic finance, ju’alah (also spelled ju'ala), in Arabic script جعالة, is a contract (aqd) whose subject matter is a...

Bay al-Mustarsil

A case of sale (bay’) in which the buyer doesn’t haggle over the price (i.e., takes it as given). The...

Gharamah

Arabic (غرامة) for penalty or fine, or in general "all that needs to be paid out as a result of...

Bay al-Wafa

A sale (bay') in which the seller has the right, as stipulated in the contract, to repurchase the underlying property...

Bay al-Juzaf

The sale (bay') of a measurable, countable, or weighable commodity without determining its quantity, number of units, or weight. This...

Al-Ghunm

Arabic (الغنم) for gain /reward/ benefit which can be realized only if recipient has already borne all the risks (mukhatarah)...

Inah

A transaction whereby a person buys an asset/commodity from a seller on the basis of deferred payment, and sells it...