Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd– عقد). The primary arkan (pl. of rokn)…

Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (pl. of rukn)...

English for al-wa’ad bil ba’i/ bai’/ bay’ (الوعد بالبيع). It is usually embedded in exchange-based contracts (uqud al-mua’wadhah) such as…

A type of bay’ al-gharar in which the object of sale or the price (thaman) is unknown, or in the…

Arabic (عقود المعاوضة) for commutative contracts (contracts of exchange: exchange transaction). A type of contracts (uqud- plural of aqd) whereby...