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Banking

Qard al-Hasan

An interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence...

Reverse Tawarruq

A form of tawarruq in which the mustawriq/ mutawarriq (monetizer) is a financial institution or bank, and not an individual...

Bay’ al-Sarf

A sale (bay) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item, or...

Bay’ al-Athman

A sale (bay) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item, or...

Ba’i al-Athman

A sale (ba'i) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item, or...

Ba’i al-Sarf

A sale (ba'i) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item. In...

Reverse Inah

A form of inah sale (بيع العينة) in which a commodity is sold for a spot price (thaman) and then is...

Riba al-Buyu

A type of riba that exists in, or results from, a sale transaction whose underlying is a ribawi item. Riba...

Riba al-Muzabanah

A type of riba which involves, according to Maliki jurists, the sale of a measured amount of a commodity for...

Riba al-Duyun

Interest that is earned on lending money to another party (or interest that is paid on borrowing money from another...