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Ba’i al-Mawqoof

In Arabic (بيع الموقوف), it is a type of sale (ba'i/ bay') which is lawful in substance and description but...

Ba’i al-Uhdah

A term (بيع العهدة) which is used by Shafi'e fuqaha to denote ba'i al-wafa. It is a sale (bai) in...

Bay’ al-Musawama

An Arabic term (بيع المساومة) that denotes “bargaining sale”. It is a type of sale (bay’) in which the seller...

Bay’ al-Salam

A type of sale (bay’), which is an exception to the general rule for sale contracts that the object of...

Haram

The set of actions, sayings, contracts, transactions and other dealings that are explicitly denounced and deemed impermissible by Islamic shari’a....

Musharakah Sukuk

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharakah for establishing...

Bay’

An Arabic term (بيع) that translates as “sale” or “selling”. It refers to any agreement between two parties: the seller...

Bay’ al-Sinin

Arabic (بيع السنين) for a type of sale (bay’) in which the underlying object is an agricultural produce (such as...

Ghasib

Arabic (غاصب) for a person or party who usurps another person's or party's wealth or belongings- i.e., usurper. An usurper...

Ghallat

In Islamic finance, ghallat/ ghallah (غلة) generally refers to any type of income produced by a factor of production (labor,...