A situation where a person takes possession of an object or a form of wealth as an owner (malik) or...

Arabic (مثلاً بمثل) for like for like. Ribawi items (such as gold, silver, dates, wheat, etc) cannot be exchanged (i.e., different...

An Arabic expression (يداً بيد) that translates as spot settlement (hand to hand) in exchange-based transactions (especially in the case...

An Arabic expression (يداً بيد) that translates as spot settlement (hand to hand) in exchange-based transactions (especially in the case...

A situation where a person takes possession (hiyazah) of an object or a form of wealth (mal) as a proxy/...

Tawarruq is an Arabic word (تورق) that literally means minted silver (al-wariq) or the act whereby some person seeks silver...

A sale (bay') in which both payment and delivery are deferred. In other words, it is the sale of a...

The uncommissioned agent or al-fodhouli (also spelled al-fodooli/ al-fuduli) is a person who intervenes or interferes in others' affairs without...

Arabic (بيع الدين) for sale of debt (dayn). It denotes the sale of debt securities, debt certificates (commercial papers), or...

An Arabic term (بيعتان في بيعة) that translates as “two sales in a single contract” or “two sales in one”....