Filter by Categories
Accounting
Banking

Bay’ Al-Ghayib

A type of sale (bay’) in which the object of sale is not available at the contracting session (majlis al-aqd)…

Ba’i Al-Ghayib

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

Bay’ ala al-Bay’

A situation that arises when a sale is concluded over a previous sale. More specifically, it is the case when…

Khayar al-Naqd al-Islami

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

Bay’ al-Ghayeb

A type of sale (bay’) in which the object of sale is not available at the contracting session (majlis al-aqd)…

Sighah

Arabic (صيغة) for contractual formula (formula of a contract/ aqd). A formal exchange of offer/proposal (ijab or 'ardh) and acceptance...

Itihad Majlis al-Aqd

Arabic (اتحاد مجلس العقد) for unity of time and place of a contracting session (majlis al-aqd). That implies that both...

Majlis al-Aqd

Arabic (مجلس العقد) for contracting session or contract assembly or meeting or place. It is anywhere two parties or more...