Under shari’a, it is permissible to trade in foreign exchange provided that both countervalues (badalain, pl. of badal) are exchanged...

A type of sukuk structure in which sukuk certificates have an embedded option giving the sukuk holders the right, without...

A situation that arises when a sale (ba'i) is concluded over a previous sale. More specifically, it is the case...

A contract of sale (ba'i) in which the buyer picks up the goods and pays the price (thaman) to the...

A funding mechanism whereby money is raised from a large number of people (the crowd), using an online network, in...

Arabic (إقالة) for cancellation of a contract (aqd); a bilateral agreement of the contracting parties to not proceed with the...

A type of sale (bay') in which the seller resorts to selling his property (assets, belongings, etc) under duress or...

One of the essential modes of profit/ loss-sharing in Islamic finance, which is based on the concurrence of capital providers...

An istisna'a contract in which the buyer (manufacture orderer, or almustasni') doesn't set a condition in the contract obliging the...

A type of ba’i al-gharar in which the object of sale or the price (thaman) is unknown/ unspecified, or in...