Filter by Categories
Accounting
Banking

Bay’

An Arabic term (بيع) that translates as “sale” or “selling”. It refers to any agreement between two parties: the seller...

Bay’ al-Sinin

Arabic (بيع السنين) for a type of sale (bay’) in which the underlying object is an agricultural produce (such as...

Bay’ al-Majhool

Arabic (بيع المجهول) for a type of bay’ al-gharar in which the object of sale or the price (thaman) is...

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...

Bay’ al-Khiyar

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

Touch Sale

A type of sale (bay’) that was particularly popular in the days of early Islam and pre-Islam, where the buyer...

Bay’ al-Mustarsel

A case of sale (bay’) in which the buyer doesn’t haggle over the price (i.e., takes it as a given)....

Muratalah

Arabic (مراطلة) for the sale (ba'i or bay') in which a type of money (naqd) is exchanged for money of...

Ordinary Murabaha

A murabaha which involves two parties, a buyer and seller, where the former is a merchant by trade. The merchant...

Bay’ Bith-Thaman al-Ajil

A contract of sale (bay') in which goods are sold on a deferred payment basis. An Islamic bank buys equipment...