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Ribh

In the context of selling (ba’i or bay‘- البيع), ribh (in Arabic script: ربح) refers to the difference resulting from…

Bay’ Nafidh 

A type of bay’ muna’aqid (enforceable contract of sale). By definition, it is a contract of sale (ba’i) that is…

Bay’ Al-Muzayadah

A transaction that involves the sale (bay’) of an asset in the open market based on the process of bidding…

Bay’ Alkali bil Kali

A sale (bay‘) in which both payment and delivery are deferred. In other words, it is the sale of a…

Principal Contract

A contract (aqd) which exists by itself and is not subordinate or auxiliary to another contract (i.e., an accessory contract).…

Muhabah

Arabic (محاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by…

Aqd Muawadhah

Arabic (عقد معاوضة) for compensatory contract (commutative contract) whereby one party receives compensation/ consideration (iwadh) from another party in return...

Haqq al-Shufa’ah

A contingent right (haqq) that comes into effect properties when are offered for sale. Specifically, it refers to the right…

Bay’ al-Salaf

Another name for bay al-salam; by definition, it is a type of sale (bay’), which is an exception to the…

Bay’ al-‘Arboon

A type of sale (bay’) which is effected using down payment or advance money (arboon– عربون) with the condition that…