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Ba’i al-Khulu

A form of sale (ba'i) in which the subject matter (mahall) is a right or concession to utilize some property...

Badal

The counter-value in a commutative contract (an exchange-based contract or a barter exchange). In other words, it may refer to...

Badal al-Khulu

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

Murabaha lil Waaed bil Shira

An Arabic term (المرابحة للواعد بالشراء) that translates as murabaha to the purchase orderer (or wa'aed- the promisor or provider...

Bay’ al-Khiyar

Arabic (بيع الخيار) for a contract of sale (bay’) that is embedded with an option (khiyar), granting either party the...

Bay’ al-Ikhtiyar

According to Malikis, it is a sale (bay’) in which the buyer has the option to choose one from among...

Ba’i al-Hadher lil Badi

Arabic (بيع الحاضر للبادي) for a type of sale (ba’i) in which a city-dweller (al-hadher) sells on behalf of a...

Murabahah to the Purchase Orderer

A murabaha transaction wherein the Islamic bank purchases an asset/ commodity, upon the request of a customer, from a third-party...

Murabaha lil Amer bil Shira

An Arabic term (المرابحة للآمر بالشراء) which translates as murabaha to the purchase orderer. It is a murabaha transaction wherein...

Hiyazah

Arabic (حيازة) for the holding or acquisition of an object, usually a commodity, asset, currency, etc, for a specified or...