Filter by Categories
Accounting
Banking

Back-To-Back Istisna’a

An istisna'a contract in which one counterparty (the seller or the buyer) is also a counterparty to a previous istisna'a...

Bay al-Mustarsil

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

Bay al-Wafa

A sale (bay') in which the seller has the right, as stipulated in the contract, to repurchase the underlying property...

Bay al-Juzaf

The sale (bay') of a measurable, countable, or weighable commodity without determining its quantity, number of units, or weight. This...

Inah

A transaction whereby a person buys an asset/commodity from a seller on the basis of deferred payment, and sells it...

Bay al-Mubadalah

A type of sale (bay') that involves the exchange of one commodity for another without using a medium of exchange...

Tawliyah

A type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price...

Riba al-Fadl

Arabic (ربا الفضل) for riba of surplus/ riba of excess; a type of riba that exists in, or results from, a sale transaction...

Mahall al-Aqd

Arabic (محل العقد) for subject-matter of the contract (aqd)- i.e., the value and countervalue (amwal) exchanged in a contract (specifically...

Musawamah Sale

Arabic (بيع المساومة) for bargaining sale. In Islamic finance, it refers to the selling of a commodity at an agreed...