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Bay’ al-Majhul

A type of bay’ al-gharar in which the object of sale or the price (thaman) is unknown, or in the…

Khiyar al-Ta’yeen

A type of khiyar (option) which comes into effect if the parties to the contract of sale (aqd al-ba'i) mutually...

Either-Or Option

An option (khiyar/ khayar) which entitles the buyer (in a contract of sale, aqd al-ba’i) to proceed with the contract...