A – Page 11 – Fincyclopedia

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Al-Uqud Ghayr al-Musammah

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

Al-Wa’ad bil Ba’i

Arabic (الوعد بالبيع) for promise (wa’ad) to sell. It is usually embedded in exchange-based contracts/ commutative contracts (uqud al-mua’wadhah) such...

Al-Wa’ad bil Bay’

Arabic (الوعد بالبيع) for promise (wa’ad) to sell. It is usually embedded in exchange-based contracts/ commutative contracts (uqud al-mua’wadhah) such...

Aks al-Inah

Arabic (عكس العينة) for reverse sale and buy-back; a form of inah sale (بيع العينة) in which a commodity is sold...

Al-Muslam Fihi

The object of a salam contract (aqd al-salam) which is exchanged for the price (thaman or ras-ul-mal). It is the...

Aks al-Einah

Arabic (عكس العينة) for reverse sale and buy-back; a form of einah sale (بيع العينة) in which a commodity is sold...

Al-Thaman

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

Al-Shart al-Batil

A shart (condition) in a commutative contract that leads to an impressible outcome (haram). For example, a shart batil may...

Al-Ibahah al-Asliyah

A general shari'ah maxim that all commercial and financial activities are originally permissible by the primary sources of shari'ah, unless...

Al-Mal

A general Arabic term (المال) that denotes wealth, property, money, funds, or any valuable things (intangibles included) that can be...