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Ba’i al-Barnamaj

Arabic (بيع البرنامج) for a wholesale trade that involves the sale (ba’i) of the units of a fungible commodity or…

Bay’ al-Namuzhaj

Arabic (بيع النموذج) for a wholesale trade that involves the sale (bay’) of the units of a fungible commodity or…

Fungible Commodity

A commodity that is currently, or may in the future become, an underlying of recurrent/ tradable contracts in the spot...

Fungibility

The interchangeability which characterizes a futures contract. More precisely, futures contracts for the same commodity and delivery month and which...