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Istishab

A doctrine of Islamic law (shari'a), and a secondary source of shari'a, which refers to the application of a previous...

Ijara wa Iqtina’a

Also ijara muntahia bittamleek or ijara thumma al-bai'. By definition, ijara wa iqtina'a (إجارة واقتناء) it is an ijara contract...

Bay’ Bith-Thaman al-Ajil

A contract of sale (bay') in which goods are sold on a deferred payment basis. An Islamic bank buys equipment...

Bay’ al-Muatah

A contract of sale (bay') in which the buyer picks up the goods and pays the price to the seller...

Bay’ al-‘Arbun

A type of sale (bay') which is effected using down payment or advance money (arbun- عربون) with the condition that...

Bay’ wa Salaf

Arabic (بيع وسلف) for a type of shari'a-impermissible sale (invalid sale or bay’ ghair sahih) that combines a normal sale...

Bay’ al-Muqayadah

Arabic (بيع المقايضة) for a mode of trading (mutajarah) which involves the exchange of one asset for another without resorting...

Bay’ al-Mutajara

Arabic (بيع المتاجرة) for a type of sale (bay') whereby an Islamic bank sells goods on credit to a customer....

Hiwalat-ul Dayn

Arabic (حوالة الدين) for debt assignment/ transfer; a type of hiwalah (also spelled hiwala) which involves the assignment/ transfer of...

Hawalat al-Dain

Arabic (حوالة الدين) for debt assignment/ transfer; a type of hawalah (also spelled hawala) which involves the assignment/ transfer of...