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Reverse Tawarruq

A form of tawarruq in which the mustawriq/ mutawarriq (monetizer) is a financial institution or bank, and not an individual...

Thaman al-Mithl

The market price (thaman) that is quoted for an item similar to another, with both having identical or similar features....

Athman

Plural form of the Arabic term "thaman"; the price or monetary amount of an object of sale (tangible like commodities...

Thaman

The price or monetary amount of an object of sale (tangible like commodities or intangible like services), i.e., what is...

Tamkeen

Arabic (تمكين) for the process or act of enabling a party, to whom ownership of an asset is transferred, to...

Tamkin

Arabic (تمكين) for the process or act of enabling a party, to whom ownership of an asset is transferred, to...

Bay’ al-Sarf

A sale (bay) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item, or...

Bay’ al-Athman

A sale (bay) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item, or...

Ba’i al-Athman

A sale (ba'i) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item, or...

Reverse Inah

A form of inah sale (بيع العينة) in which a commodity is sold for a spot price (thaman) and then is...