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MPO

An acronym for murabaha to the purchase orderer which is a murabaha transaction whereby the Islamic bank purchases an asset/...

Maisir

Arabic (ميسر) for gambling or broadly any activities or transactions involving a gambling element. In relation to contracts (commutative contracts),...

Maysir

Arabic (ميسر) for gambling or broadly any activities or transactions involving a gambling element. In relation to contracts (commutative contracts),...

Murabaha Guarantee

In a murabaha to the purchase orderer (MPO) transaction, it is permissible for the purchaser (creditor) to ask the purchase...

Bay’ al-Isti’man

Arabic (بيع الاستئمان) for a case of sale (bay’) in which the buyer doesn’t haggle over the price (i.e., takes...

Bay’ al-‘Ayn bil ‘Ayn

A mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to a medium of...

Ba’i al-Mubadalah

A type of sale (ba'i) that involves the exchange of one commodity for another without using a medium of exchange...

Ba’i al-Thanaya

A term (بيع الثنايا) which is used by Maliki fuqaha to denote ba'i al-wafa. It is a sale in which...

Ba’i al-Munabazhah

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

Badal al-Khuluw

The compensation (badal) that is paid by a landlord to a tenant against having the leased property vacated from the...