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Cooling-Off Option

An option (khiyar/ khayar) which gives one party or both parties to the contract (aqd) or a third party the...

Islamic Option Contract

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

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-Naqd

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

Khiyar al-Shart

A khiyar (option) that constitutes a condition stipulated in the contract. This option confers on the parties to the contract...