A murabaha-based financing facility whereby funds for the purchase of the asset (commodities, durable assets, etc.) are provided by a…
Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd– عقد). The primary arkan (pl. of rokn)…
A form of einah sale (بيع العينة) in which a commodity is sold for a spot price (thaman) and then is…
A credit sale which has a fixed term at the end of which the buyer has to pay the agreed…
Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (pl. of rukn)...
A credit sale which has a fixed term at the end of which the buyer has to pay the agreed…
A form of sale and buy-back (inah sale– بيع العينة) in which a commodity is sold for a spot price (thaman)…
A type of sale (bay’) which is effected using down payment or advance money (arboon– عربون) with the condition that…
Arabic (دين صØÙŠØ) for debt (dain) that may be discharged or extinguished only by repayment (ada’– أداء) or waiver (ibra’–…
Arabic (دين مشترك) for debt (dayn) that arises from one transaction or engagement whereby it is owed to two or…
