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Mithqal

An Islamic measure of weight (in Arabic script: مثقال) that is equal to 4.25 grams (0.137 ozt). As a unit...

Mufawada Partnership

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

Murabaha Sukuk

Certificates of equal value (sukuk) which are issued for the purpose of financing the purchase of goods based on murabaha...

Ba’i al-Istighlal

According to latter-day Hanafi scholars, it is a type of sale (ba’i) in which the seller has the right of...

Bay’ al-A’awam

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

Bay’ al-Munabazhah

A type of sale (bay') that was particularly prevalent in the days of early Islam and pre-Islam, where a person...

Bay’ al-Wadhi’ah

Arabic (بيع الوضيعة) for sale (bay') with loss/ at loss. It is a type of sale in which the price...

Ba’i al-‘Arboun

A type of sale (ba'i) which is effected using down payment or advance money (arboun- عربون) with the condition that...

Bay’ al-Thunya

Arabic (بيع الثنيا) for a sale (bay') with exclusion. It is a type of sale in which an unknown part...

Ba’i al-Najsh

Arabic (بيع النجش) for a type of impermissible sale (ba’i muharram) whereby a person (fake bidder/ ghost bidder/ phantom bidder)...