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Types of Ba’i

Ba’i (pl. buyu’) is an Arabic term that translates into sale or contract of sale. By definition, it is a...

Applications of Istisna’a in Banking and Finance

Istisna’a provides an instrumental tool for financing of all types of assets that are not readily available with the seller...

Applications of Istisna’a

Istisna'a (الاستصناع) is a special kind of the contract of sale (ba'i) in which the underlying commodity is sold before...

Penalty for Default in Murabaha

Murabaha (also spelled murabahah) is a shari’a compatible mode of debt financing which involves the sale of a commodity mostly...

Types of Incorporated Waqf

Incorporated waqf is a type of waqf that has full incorporated status and is larger than a certain size in...

Types of Gharar

Gharar is an element of risk, uncertainty, or hazard that could render a contract void. A gharar-associated contract is one...

Difference Between Murabaha and Commodity Murabaha

Murabaha is a trading and financing mode involving the sale of goods (commodities) at cost plus a profit mark-up (ribh)...

Types of Waqf

Waqf is the process of making a property inalienable to its owner while confining its yield and usufruct (manfa'ah) to...

Difference Between Conventional Leasing and Islamic Leasing (Ijarah)

A conventional lease is a commutative contract between a lessor and lessee whereby an asset (property) is placed at the...

Differences Between Mudaraba and Musharaka

Mudaraba is a partnership in profit in which one partner provides capital (rab al-mal) and the other provides labor and...