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Shart Batil

Arabic (شرط باطل) for a shart (condition) in a commutative contract that leads to an impressible outcome (haram). For example,...

Al-Shart al-Batil

A shart (condition) in a commutative contract that leads to an impressible outcome (haram). For example, a shart batil may...

Bay’ al-Mawquf

A type of sale (ba'i) which is lawful in substance and description but is concluded by, or with the intervention/...

Hikr

Arabic (حكر) for a lease contract (ijarah) that is concluded for the purpose of keeping an endowed land (ardh mawqufah)...

Benevolent Loan

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

Tahkir

Arabic (تحكير) for a lease contract (ijarah) that is concluded for the purpose of keeping an endowed land (ardh mawqufah)...

Bay’ al-Najsh

A form of prohibited sale (bay' batil) in which a person or group of persons connive with a seller to...

Al-Ibahah al-Asliyah

A general shari'ah maxim that all commercial and financial activities are originally permissible by the primary sources of shari'ah, unless...

Credit Sale

A sale (ba'i) in which the commodity/ item is delivered to the buyer against deferred payment, whether in installments or...

Ba’i al-Ajel

An Arabic term (البيع الآجل) denotes refers to sale on credit or credit sale. By definition, it is an Islamic...