An Arabic term (الغرم) that literally denotes damage or loss (or a cost incurred). In a more specific context, it...
A type of sale (bay') that involves the exchange of one commodity for another without using a medium of exchange...
An Islamic finance alternative to option contracts (conventional options). By definition, it is a shari'ah compliant form of contract which...
Arabic (اتØاد مجلس العقد) for unity of time and place of a contracting session (majlis al-aqd). That implies that both...
A type of sale (ba'i) in which the object of sale is not available at the contracting session (majlis al-aqd)...
Tawarruq is an Arabic word that literally means minted silver (al-wariq) or the act whereby some person seeks silver money....
A mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to a medium of...
Arabic (بيع النسيئة) for a type of sale on credit (ba'i ajel) in which the price (thaman) is paid in...
Arabic (بيع الغرر) for aleatory sale transactions or sales with uncertain outcome. In other words, it is the sale of...
An Arabic term (الإباØØ©) that translates as permissibility. It is a principle, under shari'ah, that any act is permitted as...
