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Bay’ Habal al-Habalah

Arabic (بيع حبل الحبلة) for a type of prohibited sale that was prevalent in pre-Islamic Arabia where the fetus of...

Bay al-Mulamasah

A type of sale (bay’) that was particularly popular in the days of early Islam and pre-Islam, where the buyer...

Back-To-Back Salam

A salam contract in which the seller (the short) or the buyer (the long) in the original (previous) salam becomes...

Back-To-Back Istisna’a

An istisna'a contract in which one counterparty (the seller or the buyer) is also a counterparty to a previous istisna'a...

Jahalah Fahishah

A type of jahalah that denotes "excessive or major ignorance/ lack of knowledge" about the object of sale or price...

Ju’alah

In Islamic finance, ju’alah (also spelled ju'ala), in Arabic script جعالة, is a contract (aqd) whose subject matter is a...

Hiwalat-ul Dain

A type of hiwalah (also spelled hiwala) which involves the assignment/ transfer of debt (dain) from one party (the transferor...

Hiwalat-ul Haqq

Arabic (حوالة الحق) for assignment of right; a type of hiwalah (also spelled hiwala) which involves a substitution of one...

Mustarsil

A buyer who does not haggle over the price (i.e., takes the price for granted). In general, a buyer acts...

Bay al-Mustarsil

A case of sale (bay’) in which the buyer doesn’t haggle over the price (i.e., takes it as given). The...