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Ba’i al-Mu’atah

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

Sarf

The sale of a monetary amount in exchange for another monetary amount. More specifically, it is the exchange of one...

Ba’i al-Tanajush

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

Ba’i al-‘Inah

Arabic (بيع العينة) for a round-tripping sale (or double sale) in which one party (actually the lender) sells another (actually...

Ba’i Habal al-Habala

Arabic (بيع حبل الحبلة) for a type of sale prohibited sale (impermissible under shari'a) that was prevalent in pre-Islamic Arabia...

Shart al-Jazai

Arabic (شرط الجزاء أو الشرط الجزائي) for penalty clause. A clause in a commutative contract (aqd mu'awadhah) that stipulates that...

Musharakah

A partnership mode of Islamic finance in which partners contribute equal or unequal ratios of capital, management skills, goodwill or...

Ijarah ala al-Ashkhas

A type of ijarah contract in which the underlying usufruct (manfa'ah) is a person’s work, effort, expertise, etc. According to...

Ijarah ala al-A’yan

A type of ijarah contract which has the usufruct of assets and properties (a'yan) as underlying. In this particular meaning,...

Haqq al-Ijaratain

In the context of waqf (Islamic endowment), it refers to a specific type of hikr or hukr (حكر). It constitutes...