Filter by Categories
Accounting
Banking

Ba’i al-Murawadhah

Arabic (بيع المراوضة) for the sale (ba’i) of goods that have not been actually or constructively possessed by the seller....

Mandatory Set-Off

A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...

Mandatory Maqassa

A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...

Yad al-Amana

A situation where a person takes possession (hiyaza) of an object or a form of wealth (mal) as a proxy/...

Ba’i Habal al-Habalah

Arabic (بيع حبل الحبلة) for a type of prohibited sale that was prevalent in pre-Islamic Arabia where the fetus of...

Maqassa

An Arabic term (مقاصة) for set-off, which it is the discharge of a debt receivable against a debt payable, whether...

Bai’ Mu’ajjal

An Arabic term (بيع مؤجل) that translates as sale on credit or credit sale. By definition, it is an Islamic...

Ba’i al-Wafa

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

Binding Agency

An agency contract (aqd al-wakalah) that is binding on either party or both (wakalah mulzimah). While agency is essentially not...

Ba’i al-Hateetah

A contract of sale (ba'i) in which the seller reveals (or is under obligation to reveal) to the buyer his...