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Tawliyah

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

Mithliat

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

Aleatory Contract

A contract (aqd) that is contingent upon the occurrence of an event whose result or monetary effect is unknown as...

Al-Fadhalah Contract

In Islamic fiqh, fadhalah (or fadalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who transacts (e.g. sells, rents, etc)...

Aqd al-Fadhalah

In Islamic fiqh, fadhalah (or fadalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who transacts (e.g. sells, rents, etc)...

Ba’i al-Ghayeb

A type of sale (ba'i) in which the object of sale is not available at the contracting session (majlis al-aqd)...

Bay al-Tawarruq

Tawarruq is an Arabic word that literally means minted silver (al-wariq) or the act whereby some person seeks silver money....

Ba’i al-Muqayadah

A mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to a medium of...

Credit Murabaha

A type of murabaha (cost-plus sale) which is established on the basis of mark-up over the actual purchase price incurred...

Deferred Murabaha

A type of murabaha (cost-plus sale) in which the purchaser pays the agreed amount (price plus market-up) for the goods...