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Islamic Currency Option

An Islamic finance treasury arrangement that an Islamic bank and a counterparty enter into for the purpose of foreign exchange...

Islamic Option

An Islamic finance alternative to option contracts (conventional options). By definition, it is a shari'ah compliant form of contract which...

Khiyar al-Istihqaq

A khiyar (option) which comes into effect if the buyer becomes entitled to the whole object of sale or part...

Khiyar al-Naqd

A special case of khiyar al-shart (condition option), which comes into effect if the parties to the contract of sale...

Khiyar al-Tadlis

A type of khiyar (Islamic option) which is given to the buyer so that if the seller has glossed over...

Khiyar al-Khiyanah

A khiyar (option) that comes into effect when the buyer, in a trust sale (ba’i al-amanah) finds out that the...

Khiyar al-Khiyana

A khiyar (option) that comes into effect when the buyer, in a trust sale (ba’i al-amana) finds out that the...

Khiyar al-Tadlees

A type of khiyar (Islamic option) which is given to the buyer so that if the seller has glossed over...

Khiyar Kashf al-Hal

A khiyar (option) that is given to the buyer upon knowing the specifications of the object of sale after purchase,...

Khiyar al-Ayb

An option (khiyar) that gives the buyer the right, in case the object of sale is found to be defective,...