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Fungible Commodity

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

Muslam Fihi

The object of a salam contract which is exchanged for the price (thaman or ras-ul-mal). It is the commodity or…

Fungibles

Items that are mutually interchangeable, i.e., the units of which are identical (in specifications/ features), and if destructed will be...

Fungible Items

Items that are mutually interchangeable, i.e., the units of which are identical (in specifications/ features), and if destructed will be...

Mal Mithli

Arabic (مال مثلي) for fungible items; items (amwal- pl. of mal) that are mutually interchangeable or replaceable, i.e., the units...

Amwal Mithliyyah

Arabic (أموال مثلية) for fungible items; items (amwal- pl. of mal) that are mutually interchangeable, i.e., the units of which...

Mithli

A category of mal which encompasses commodities usually sold and bought by weight capacity, or measure such as gold, rice,...

Mithlan Bi Mithl

Arabic (مثلاً بمثل) for like for like. Ribawi items (such as gold, silver, dates, wheat, etc) cannot be exchanged (i.e., different...

Mithliat

Arabic (مثليات) for fungibles; items that are mutually interchangeable, i.e., the units of which are identical (in specifications/ features), and...