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Muhaba

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

Negotiated Price Sale

In Islamic finance, it refers to the selling (ba'i/ bay) of a commodity at an agreed upon price irrespective of...

Buyu Muharramah

Arabic (بيوع محرمة) for prohibited sales; a category of buyu (pl. of ba'i or bay') that consists of all sales...

Prohibited Sales

A category of buyu (pl. of ba'i or bay') that consists of all sales that are impermissible under shari'a due...

Bay’ Istijrar

In Islamic finance, it is a contract (of bay’) whereby a supplier agrees to deliver a specific commodity/item to a…

Ba’i al-Ikhtiyar

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

Bay’ al-Muamalah

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

Bay’ Munajjaz

A form of sale (bay’) which, according to the Hanafi school of thought comes into effect immediately, i.e., it is…

Bay’ al-Musawama

An Arabic term (بيع المساومة) that denotes “bargaining sale”. It is a type of sale (bay’) in which the seller...

Bay’ al-Salam

A type of sale (bay’), which is an exception to the general rule for sale contracts that the object of...