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Badal al-Khuluw

The compensation (badal) that is paid by a landlord to a tenant against having the leased property vacated from the...

Ba’i al-Khulu

A form of sale (ba'i) in which the subject matter (mahall) is a right or concession to utilize some property...

Badal

The counter-value in a commutative contract (an exchange-based contract or a barter exchange). In other words, it may refer to...

Badal al-Khulu

The compensation (badal) that is paid by a landlord to a tenant against having the leased property vacated from the...

Murabaha lil Waaed bil Shira

An Arabic term (المرابحة للواعد بالشراء) that translates as murabaha to the purchase orderer (or wa'aed- the promisor or provider...

Bay’ al-Khiyar

Arabic (بيع الخيار) for a contract of sale (bay’) that is embedded with an option (khiyar), granting either party the...

Bay’ al-Ikhtiyar

According to Malikis, it is a sale (bay’) in which the buyer has the option to choose one from among...

Ba’i al-Hadher lil Badi

Arabic (بيع الحاضر للبادي) for a type of sale (ba’i) in which a city-dweller (al-hadher) sells on behalf of a...

Taskeek

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Murabahah to the Purchase Orderer

A murabaha transaction wherein the Islamic bank purchases an asset/ commodity, upon the request of a customer, from a third-party...