A situation where a person takes possession (hiyaza) of an object or a form of wealth (mal) as a proxy/...
In Islamic finance, it refers to the selling (ba'i/ bay) of a commodity at an agreed upon price irrespective of...
Arabic (بيوع Ù…Øرمة) for prohibited sales; a category of buyu (pl. of ba'i or bay') that consists of all sales...
Arabic (بيع Øبل الØبلة) for a type of prohibited sale that was prevalent in pre-Islamic Arabia where the fetus of...
A category of buyu (pl. of ba'i or bay') that consists of all sales that are impermissible under shari'a due...
Arabic (مشاع) for a share in undivided property. It is an unidentifiable portion in a common property- i.e., a property...
The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...
The process of mixing, and adding together, a number of shari’ah-compliant asset classes in securitization (tasnid/ taskik) or capital structure. Examples of pooling (khultah) in...
It stands for purchase orderer; the purchasing party to a murabaha to the purchase orderer (MPO) (or broadly a murabaha...
The purchasing party to a murabaha to the purchase orderer (MPO) (or broadly a murabaha transaction)- i.e., the party (customer)...
