Sukuk that represent receivables (zhimam) of cash amounts or goods. Examples of non-tradable sukuk include salam sukuk, istisna’a sukuk, and...

A classification of sukuk that constitutes part of the second or supplementary layer of a bank's capital (core capital), which,...

Arabic (بيع وشرط) for “sale with a condition”. Technically, it refers to a sale contract (aqd al-ba'i) in which an...

A type of sale (ba'i) which is effected using down payment or advance money (arboon- عربون) with the condition that...

In Islamic finance, it is a contract (of ba'i or bay') whereby a supplier agrees to deliver a specific commodity/...

A type of sale (bay’), in Arabic script بيع المزابنة, that involves the exchange of fresh fruits for dry ones,...

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

A situation where a person takes possession of an object or a form of wealth as an owner (malik) or...

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

An Arabic expression (يداً بيد) that translates as spot settlement (hand to hand) in exchange-based transactions (especially in the case...