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Ijarah Thumma Ba’i

An agreement that incorporates the sale of the leased asset (in an ijarah contract) at the end of the lease…

Bay’ al-Khulu

A form of sale (bay’) in which the subject matter (mahall) is a right or concession to utilize some property…

Khulu

Literally, khulu is Arabic for vacancy or emptiness (as in a vacant or empty place). Technically, khulu is usually associated…

Ijara Thumma Bay

An agreement that incorporates the sale of the leased asset (in an ijara contract) at the end of the lease…

Iwadh

An Arabic term (عوض) that denotes compensation or remuneration. In the context of Islamic financial and commercial transactions, it refers...

Badal al-Khuluw

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

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...